KUALA LUMPUR: Standard Chartered (StanChart) has maintained its forecast for Malaysia’s gross domestic product (GDP) growth at 4.8% for 2024, while acknowledging upside risks.
“We see consumer spending moderating as labour-market conditions soften but expect it to remain the primary driver. Investment should continue to benefit from ongoing infrastructure projects, strong foreign direct investment (FDI) interest and lower global interest rates,” StanChart economist Jonathan Koh and chief economist Edward Lee said in a report.
