Malaysia’s economy grew 5.3% in the three months through September, beating the 5.1% forecast. This growth showed that the artificial intelligence boom helped exports stay strong. While the pace slowed from the 6% expansion seen in the previous period, resilient domestic demand helped the country perform better than many expected.
Malaysia’s economic growth slowed but still exceeded expectations as the artificial intelligence boom continued to bolster exports and domestic demand remained resilient.
Gross domestic product rose 5.3% in the three months through September from a year earlier, according to advance estimates from the Department of Statistics Malaysia on Friday, beating the 5.1% median prediction in a Bloomberg survey. Third quarter growth, however, slowed from the 6% expansion in the previous three-month period.