Economy expected to grow 3.4% in 4Q23

The services sector retained its position as the primary driver of economic performance in the fourth quarter.

KUALA LUMPUR: Malaysia’s economy is estimated to grow at 3.4% in the fourth quarter of 2023 (4Q23), representing a slight uptick from the previous quarter’s growth of 3.3%, according to the Statistics Department.

Chief statistician Datuk Seri Mohd Uzir Mahidin said notably, the services sector retained its position as the primary driver of economic performance during this period, with positive growth observed across all other sectors.