Malaysia’s Q1 GDP grows faster than expected on recovering demand By Reuters

KUALA LUMPUR (Reuters) – Malaysia’s economic growth picked up pace in the first quarter on recovering demand and a stronger labour market as the global economy rebounds from the coronavirus pandemic, the central bank said on Friday.

Gross domestic product rose 5% in the January-March period, faster than the 4% expansion forecast by a Reuters poll and up from 3.6% growth in the previous quarter.

Bank Negara Malaysia Governor Nor Shamsiah Mohd Yunus said the central bank has factored in the Russia-Ukraine war in its projections, and growth in 2022 would be supported by continued expansion in domestic and external demand.