Domestic demand to offset China slowdown

PETALING JAYA: With domestic demand having emerged as a key driver of growth, Malaysia will be able to withstand any potential economic slowdown in China, which has set a growth target of around 5% for 2024.

Without the low-base effect of 2022 and in the absence of a burst of “revenge spending”, analysts said China’s ability to achieve its gross domestic product (GDP) target may be a challenge.