Growth in 2023 moderates to 3.7%

SLOWER global trade, the global tech downcycle, geopolitical tensions and tighter monetary policies globally had weighed on Malaysia’s gross domestic product (GDP) growth for the fourth quarter of 2023.

The quarter’s GDP growth at 3% came in lower than the 3.4% advance projection released last month, and compared with the 3.3% expansion in the preceding quarter, according to Bank Negara.

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