S&P:Sustained export recovery to spur growth

PETALING JAYA: Standard & Poor’s (S&P) Global Ratings is predicting a stronger export recovery to drive gross domestic product (GDP) growth for Malaysia this year, while projecting an overall GDP expansion of 4.3% for 2024.

The global ratings group published its forecasts in a report titled Economic Outlook Asia-Pacific Q3 2024, and along with Malaysia, its focus were also on the heavyweight economies in the region including China, Japan, India and South Korea.