PETALING JAYA: MIDF Research expects Malaysia’s gross domestic product (GDP) to grow by 4.7% in 2024 helped by a recovery in external trade, especially demand for electrical and electronic products from markets like China and the United States and restocking activities.
The growth projection for the GDP will continue to be anchored by a sustained rise in domestic spending, helped by a healthy labour market, rising income and continued recovery in inbound tourist numbers, the research house stated in a report.
