The Malaysian economy grew by 5.8 per cent during the third quarter, beating market expectations.
Bank Negara Malaysia said growth was underpinned by domestic demand, from both household and business spending.
Strong regional demand for commodities and non electrical and electronic manufactured goods also provided the lift during the quarter.
Governor Tan Sri Dr Zeti Akhtar Aziz however warned that growing external uncertainties would likely be felt by a highly open economy like Malaysia in the fourth quarter. Domestic demand will continue to sustain growth in the fourth quarter, she said.
The GDP for the first and second quarters have also been revised to 5.2 per cent and 4.3 per cent respectively.
source nst
