Affin Group expects 4.5% GDP growth for Malaysia in 2024

KUALA LUMPUR: Affin Hwang Investment Bank Bhd expects Malaysia’s economy to grow by 4.5 per cent this year, against 4.0 per cent estimated for 2023, on the back of resilient domestic demand and improved economic fundamentals.

Chief executive officer Nurjesmi Mohd Nashir said domestic demand, which cushioned the decline in export growth last year, would continue to be supported by strong household spending and a recovery in tourism-related activities.