Economists raise Malaysia's 2024-2025 real GDP growth forecasts to 4.7% and 5.1% due to stronger private and public investments.
Economists maintain positive outlook on Malaysia's GDP growth, with 4.2% growth in Q1, surpassing expectations. Maybank Investment Bank raises Malaysia's 2024 & 2025 real GDP growth forecasts to 4.7% & 5.1% respectively, due to stronger private investment & public investments. Key revisions are in projections for gross fixed capital formation, leading to upgrades in growth forecasts for construction and imports of goods and services.
May 20, 2024
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