A STRONGER-than-expected gross domestic product growth for the first two quarters of the year is cause for much optimism and an upward revision of Malaysia’s projected annual growth. In January, the Malaysian Institute for Economic Research (MIER) was still forecasting between 4.3 and 4.8 per cent growth. They have been proven wrong. The better-than-forecast figures will certainly boost investor confidence because it is bucking global trends where economic uncertainty prevails. Not since the first quarter of 2015 has the country seen a quarterly growth of 5.8 per cent, as clocked up by this year’s second quarter, putting the overall growth for the first half of the year at a splendid 5.7 per cent, almost a full percentage point above projections for the year.
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