2Q GDP estimated to grow at 5.3% — AmBank

KUALA LUMPUR (July 18): AmBank Group has projected Malaysia’s gross domestic product (GDP) estimates for the second quarter of 2024 (2Q 2024) to register a growth of 5.3% year-on-year (y-o-y) amid sustained domestic demand and better exports.

In a note Thursday, the bank said its latest forecast is based on the gradual improvements in the external sector, better distributive trade sales growth,…