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Economy

Malaysia's economy expanded 8.9% in Q2 as global demand recovers

GDP bounces back after easing of COVID-related restrictions in April

According to Malaysia's central bank, the economy expanded by as much as 16.5% in June.   © Getty Images

KUALA LUMPUR -- Malaysia's gross domestic product grew 8.9% in the second quarter of 2022 compared to the same period last year, its central bank announced on Friday, signaling economic recovery from the two-year-long COVID-19 pandemic, although fear of a global slowdown remains.

After Malaysia's economy expanded 5% in the first quarter of 2022 -- positioning it as one of the fastest-growing Southeast Asian economies post-pandemic, growth in the April-June period accelerated. According to the central bank, the economy expanded by as much as 16.5% in June.

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