FMM sees 2024 growth above 5%


FMM said Malaysia's economic growth will likely exceed the government’s 4% to 5% target range.

KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) has revised upwards the 2024 economic growth projection given the stronger-than-expected momentum in the second quarter (2Q24).

In a statement, FMM said the new forecast suggests that growth will likely exceed the government’s 4% to 5% target range with a revised 5.1% gross domestic product growth.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

IATA optimistic on Malaysia's aviation outlook as regional recovery accelerates
ISF Group, Alliance Islamic Bank ink IPO underwriting agreement
Bank Islam targets 50% rise in BIMB biz users payment to voice feature
CPO output down 5.3%, palm oil exports fall 28.13% in Nov -�MPOB
Bursa Malaysia slips at midday amid subdued regional sentiment
EcoWorld achieves record sales and profit in FY25
LAC Med shares up on market debut
Steel unit price index falls 0.1 to 3.2 % in Nov - DoSM
SumiSaujana explores partnership with China polyurethane product manufacturer
Carsome's record retail performance drives up 3Q earnings

Others Also Read