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Malaysian economy expands moderately in Q2 on slower external demand

KUALA LUMPUR, Aug. 18 (Xinhua) — The Malaysian economy expanded moderately in the second quarter of 2023 at 2.9 percent as compared to 5.6 percent in the first quarter, weighed mainly by slower external demand, said Malaysian Central Bank on Friday.

Bank Negara Malaysia (BNM) said in a statement that domestic demand remained the key driver of growth for the quarter, supported by private consumption and investme