World Bank revised Malaysia's 2024 economic growth forecast from 4.3% in April to 4.9%.

The World Bank has revised Malaysia's 2024 economic growth forecast to 4.9%, up from 4.3% in April, reflecting improved domestic and global conditions. This 14% increase is supported by positive economic momentum, political stability, and a favorable policy environment. Additionally, Hong Leong Investment Bank predicts 5.0% growth due to rising household spending and tourism, while HSBC estimates a 4.5% growth, citing strong economic performance and foreign investments.

October 08, 2024
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