RHB Investment Bank has maintained its projection that Malaysia’s gross domestic product (GDP) will grow by 4.6 per cent in 2024.
RHBIB said the growth momentum is expected to accelerate this year, driven by improvements in external demand.
“The nominal export growth is projected to rebound by 4.3 per cent year-on-year (y-o-y) in 2024, compared to a decline of eight per cent in 2023.
This rebound is fueled by resilient global and regional economic growth prospects, coupled with the re-acceleration in the global technology cycle,” it said in a note.—The Star
