KUALA LUMPUR, May 17 — MIDF Research has maintained its 2024 gross domestic product (GDP) growth forecast at 4.7 per cent, as positive growth momentum is expected to continue...
MIDF Research has maintained its 2024 gross domestic product growth forecast at 4.7 per cent, as positive growth momentum is expected to continue in the coming quarters. ― Picture by Choo Choy MayKUALA LUMPUR, May 17 — MIDF Research has maintained its 2024 gross domestic product growth forecast at 4.7 per cent, as positive growth momentum is expected to continue in the coming quarters.
Nevertheless, MIDF Research remains cautious that several risks could constrain this year’s growth outlook, such as escalation in geopolitical and trade tensions; weaker growth in China and the US; and a significant slowdown in final demand from major markets . Meanwhile, investment spending continued to grow with investment by the private and public sectors expanding by 9.2 per cent y-o-y and 11.5 per cent y-o-y, respectively.
Malaysia Economy MIDF Research
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