Growth expected to surpass 5% this year

HLIB Research said Malaysia’s economy is expected to expand at a more moderate pace for the remainder of the year.

PETALING JAYA: Malaysia’s full-year gross domestic product (GDP) is on track to grow at least 5% this year, driven mainly by growth in domestic demand.

The advance GDP growth rate of 5.3% for the third quarter (3Q24) of 2024 suggested that the economy had expanded 5.1% for the first nine months of the year.