GDP growth improves moderately in Q2

GDP reading: GDP growth accelerated somewhat to 4.5% year on year in the second quarter, from 4.4% in the first quarter. On a seasonally-adjusted quarter-on-quarter basis, economic growth accelerated to 2.1% in Q2, following the previous period's 0.7% increase and marking the strongest expansion since Q2 2024.

Drivers: Private consumption growth accelerated moderately to 5.3% year-on-year in the second quarter, which marked the best reading since Q2 2024 (Q1: +5.0% yoy). Public consumption picked up to a 6.4% expansion in Q2 (Q1: +4.3% yoy). Meanwhile, fixed investment growth improved to 12.1% in Q2, following the 9.7% increase recorded in the prior quarter. Exports of goods and services increased 2.6% on an annual basis in the second quarter, which was below the first quarter's 4.1% expansion. Conversely, imports of goods and services growth picked up to 6.6% in Q2 (Q1: +3.1% yoy).

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Malaysian exports projections for the next ten years from a panel of 17 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable exports forecast available for Malaysian exports.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Malaysian exports projections.

Want to get access to the full dataset of Malaysian exports forecasts? Send an email to info@focus-economics.com.