Economic Rebound Points to Strong 3Q and Full-Year Growth

KUALA LUMPUR — Recent economic data suggests a positive outlook for Malaysia’s GDP growth in the third quarter and for the full year.

July 2024 saw notable improvements in both exports and imports, signaling a robust recovery following a strong second quarter. The year-to-date figures indicate a significant rebound in trade, with exports and imports both showing considerable growth compared to last year.

Read More Business News

Economic Rebound

This uptick is attributed to healthy domestic demand, driven by an investment upcycle and increased consumption. The rebound in imports of capital and intermediate goods points to a revival in manufacturing. Analysts forecast a full-year GDP growth of around 5.2%, bolstered by these encouraging trends.

Read more news

Table of Contents

Staff Writer

Recent Posts

Saudi Arabia Faces Crossroads After UAE Exit from OPEC+: Price War or Stability?

Saudi Arabia weighs price war or stability after UAE exit from OPEC+, with Malaysia’s O&G…

9 hours ago

Advancecon Secures RM48mil Johor Contract

Advancecon Holdings has secured a RM48 million contract for infrastructure work in Johor, signaling strong…

9 hours ago

USD100 Oil Prices Shape Malaysia’s Market Outlook

UAE exit from OPEC+ and USD100 oil boost Malaysia’s energy outlook; Dialog and Hibiscus seen…

9 hours ago

As a net exporter of oil and gas, Malaysia is expected to gain revenue from higher crude prices

Malaysia benefits from high oil prices, but faces inflation and logistical risks due to the…

16 hours ago

ASEAN Manufacturing Slows as Middle East War Fuels Price Pressures

ASEAN manufacturing PMI falls to six-month low as Middle East war drives price pressures, supply…

17 hours ago

FBM KLCI Climbs Above 1,739 Despite Global Market Weakness

FBM KLCI advanced on stronger buying momentum despite global market weakness, rising geopolitical tensions and…

18 hours ago

This website uses cookies.