Malaysia GDP growth seen to quicken on pent-up demand ...Qatar

Malaysia’s economic growth will accelerate this quarter after expanding at the fastest pace in a year, driven by private consumption as activities resume, Finance Minister Zafrul Aziz said. “People are underestimating the strength of the pent-up demand,” he said in an interview on Saturday. “Restaurants are packed, traffic jams have returned, the unemployment rate has fallen to below 4% and the first-half tax collections have been way above our estimate.” Malaysia’s GDP expanded 8.9% in the April-June period from a year earlier, beating the 7% median estimate in a Bloomberg survey. The economic recovery has also been aided by a boom in overseas trade, with both export and import values hit

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