Malaysian economy to grow 4.5% to 5.5% in 2024 - RAM Ratings

KUALA LUMPUR: Malaysia’s economic momentum is expected to steadily improve heading into next year, with gross domestic product (GDP) set to grow by 4.5 per cent to 5.5 per cent in 2024 from an estimated 4.0 per cent this year, according to RAM Rating Services Bhd (RAM Ratings).

The economy is benefitting from a potential turnaround in external demand, the credit rating agency said in a statement in conjunction with its Economic Outlook 2024 report released today.