Malaysia To See Economic Surge Amidst Global Challenges
In Malaysia, the central bank predicts a solid 4 to 5 percent economic growth in 2024, driven by strong domestic demand and rising external demand.
Economic surge forecasts
Despite potential risks from global growth slowdown and domestic challenges like commodity production disruptions, targeted government cash assistance could offset some of these concerns.
The central bank also highlights positive factors like technology advancements and robust tourism activity contributing to potential growth.
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Malaysia’s economy grew by 3.7 percent in 2023, mainly supported by resilient domestic demand and tourism recovery. With promising prospects ahead, Malaysia’s economic journey seems poised for further strides in the coming year.
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