Malaysia's economy grew 5.1% in 2024, with GDP rising 5% in the fourth quarter, driven by domestic demand and investment. Inflation fell to 1.8% and the ringgit appreciated 2.7% against the US dollar, though the central bank flagged risks from trading partners' slowdowns and weaker commodities production.
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Malaysia’s economy experienced a solid 5.1% growth in 2024, driven by robust domestic demand and a strong performance in investment, despite challenges in the commodities sector.
Word for word from the report in The Standard. Open the report
the country’s Gross Domestic Product (GDP) grew by 5% in the fourth quarter of 2024, slightly slowing from 5.3% in the third quarter but surpassing an initial estimate of 4.8%.
Word for word from the report in The Standard. Open the report
the country’s Gross Domestic Product (GDP) grew by 5% in the fourth quarter of 2024, slightly slowing from 5.3% in the third quarter but surpassing an initial estimate of 4.8%.
Word for word from the report in The Standard. Open the report
the country’s Gross Domestic Product (GDP) grew by 5% in the fourth quarter of 2024, slightly slowing from 5.3% in the third quarter but surpassing an initial estimate of 4.8%.
Word for word from the report in The Standard. Open the report
This marks a significant improvement compared to the 3.7% GDP growth recorded in 2023, reflecting a positive shift in the nation’s economic trajectory.
Word for word from the report in The Standard. Open the report
Earlier reports gave 4 percent 22 Jun, 20:57 Maldives Republic
Inflation in Malaysia also saw a favorable decline, dropping to 1.8% in 2024, a decrease from 2.5% the previous year.
Word for word from the report in The Standard. Open the report
Inflation in Malaysia also saw a favorable decline, dropping to 1.8% in 2024, a decrease from 2.5% the previous year.
Word for word from the report in The Standard. Open the report
the Malaysian ringgit appreciated by 2.7% against the US dollar and also saw gains against other major currencies, including the Singapore dollar, South Korean won, and Japanese yen.
Word for word from the report in The Standard. Open the report