Malaysia’s economic resilience is undeniable

With the economy already locked in an average growth of 5.1% in 1H24, we revise 2024’s full-year GDP growth estimate to 5.4% from 4.5% previously.

GROWTH in the Malaysian economy continues to come in above expectations.

The second quarter of 2024 (2Q24) gross domestic product (GDP) growth of 5.9% year-on-year (y-o-y) (4.2% in 1Q) indicates optimism for the economy, supported by resilient consumer spending, sustained high business investments, and improved exports.