World Bank maintains Malaysia's 2024 growth forecast at 4.3% due to global recovery and easing financial conditions.
World Bank keeps Malaysia's 2024 growth forecast at 4.3%, driven by global recovery and easing financial conditions. Private consumption expected to grow 5.2% due to labor market conditions and household income support measures, while gross exports to rise 4.8% in line with global trade recovery. However, risks include weaker global growth, higher domestic inflation, geopolitical tensions, and potential impacts on lower-income households' consumption.
April 01, 2024
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