StanChart: Malaysia’s economy to grow 4.8% in 2024

“Malaysia’s growth will be a bit softer in the first half and will pick up in the second half of the year,” StanChart's Lee said.

KUALA LUMPUR: Standard Chartered Bank (StanChart) foresees a brighter economic outlook for Malaysia in 2024, with higher growth of 4.8% compared to 4.3% last year.

Its Asean and South Asia chief economist Edward Lee told a press conference yesterday that domestic consumer spending, public-infrastructure investments and travel industry improvements are set to drive the uptrend despite the moderate 2.9% growth projected for the world economy.