GDP up 4.2% in 1Q24

Economic updates: Abdul Rasheed (right) and Statistics Department chief statistician Datuk Seri Dr Mohd Uzir Mahidin at the joint briefing on GDP statistics for 1Q24.

THE country’s gross domestic product (GDP) grew by 4.2% in the first quarter (1Q) of this year, exceeding initial estimates and signalling that the economy is coping well amid a still volatile external environment.

The final 1Q24 GDP growth number is higher than the 3.9% advance estimate as well as the median forecast in a Bloomberg survey.