Faster pace of growth forecast for this year

PETALING JAYA: Despite Malaysia’s growth likely to have slowed more than expected in 2023, economists maintain their views that the country’s gross domestic product (GDP) would grow at a faster pace this year.

CGS-CIMB Research, for instance, maintained its GDP growth forecast at 4.6% in 2024, while Hong Leong Investment Bank (HLIB) Research said it expected GDP growth to normalise at 4.8% in 2024.