MIDF: Semiconductor, construction projects to support growth in 2H24

FILE PHOTO: Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo

KUALA LUMPUR: The uptrend in the semiconductor industry and the rollout of various construction projects in the second half (2H) of 2024 are expected to continue supporting Malaysia's economic growth, said MIDF Amanah Investment Bank Bhd.

In a research note, MIDF also anticipated the export recovery to continue in 2H 2024, driven by foreign demand for both electrical and electronics (E&E) and non-E&E products.