The 2Q Quarterly GDP Briefing conducted by RAM Rating Services Bhd on 23rd August 2022 provided a comprehensive overview of Malaysia's economic performance in the previous quarter. The meeting, which was attended by a small group of participants in person and others via Webex, discussed the sectoral performance and offered insight into RAM Rating's forecast for the rest of the calendar year.
The briefing highlighted the strong growth in the manufacturing and services sectors, which contributed to Malaysia's overall GDP growth of 5.6% in the 2Q of 2022. The construction sector, however, saw a decline in growth due to the effects of the COVID-19 pandemic.
RAM Rating's forecast for the rest of the year remained positive, with expectations of continued growth in the manufacturing and services sectors. However, the uncertain economic climate due to the pandemic may impact the overall GDP growth.
Overall, the 2Q Quarterly GDP Briefing provided valuable information and analysis on Malaysia's economic performance and outlook for the remainder of the year.
