2024 Malaysia economy projected to improve with 4.6% GDP growth, driven by stabilized global policies, China recovery, and supportive commodity prices.

Economists predict Malaysia's economy to improve in upcoming quarters after a disappointing 2023 growth. Both UOB Economics and Markets Research and RHB Research maintain a 4.6% GDP growth projection for 2024. The stabilization of monetary policies in major countries, better recovery in China, and supportive global commodity prices are expected to boost Malaysia's external front in 2024. Agriculture, mining, and manufacturing sectors are projected to grow at 1.5%, 3.5%, and 4% respectively for 2024.