MIDF Research expects Malaysia's economy to grow stronger at 4.7% in 2024
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MIDF Research projects Malaysia's economy to grow stronger at 4.7% in 2024, supported by external trade recovery and sustained growth in domestic spending. However, potential downside risks include geopolitical tensions, supply disruptions, fluctuations in commodity and financial markets, and the possibility of a US economic recession. Malaysia's economy grew at a modest pace of 3.4% year-on-year in 4Q 2023, with growth expected to continue based on rising domestic spending and recovery in external demand. The full-year 2023 GDP growth was 3.8%, driven by sustained domestic demand.



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