Mohd Afzanizam Abdul Rashid

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Malaysia's economy grows 5.3% in third quarter, beating forecasts

Called Q3 growth a positive surprise; on November 10 said US lawmakers are likely to legislate tighter curbs on China's access to advanced AI chips

Malaysia's economy grew 5.3% in the third quarter from a year earlier, beating the 5.1% median forecast in a Bloomberg survey. HSBC raised its 2026 growth forecast to 5.5% from 5.2% on October 30, citing steady domestic demand and AI-related electronics exports, and lifted its fourth-quarter call to 5.3%.

Updated 3 hours ago

Notable Quotes

Higher living costs could make consumers and businesses more cautious in their spending.

from Malaysia's economy grows 5.3% in third quarter, beating forecasts · Updated 3 hours ago

At 5.3 per cent, the Malaysian economy is seen to be growing above its trend level of around 4.7 per cent.

from Malaysia's economy grows 5.3% in third quarter, beating forecasts · Updated 3 hours ago