Growth in 4Q24 likely to beat preliminary estimates

HLIB Research is projecting 4Q24 GDP to expand at 5%.

PETALING JAYA: A host of research houses are forecasting the gross domestic product (GDP) growth for the last quarter of 2024 (4Q24) to beat the Statistics Department’s advanced estimate of 4.8% year-on-year (y-o-y), while unanimously tipping the country’s overall growth for the year to level at 5.1%.

If the estimates are accurate, the 2024 result would be significantly better than the 3.6% GDP growth seen for the whole of 2023.