Malaysia
MALAYSIAN GDP GROWTH MEETS TARGET, EXPANDS 5.1% IN 2024
Malaysia's economy expanded robustly in 2024 driven by resilient domestic demand and a recovery in exports, data showed on Friday, but the pace of growth eased in the final quarter as headwinds loom for the Southeast Asian manufacturing hub. Gross domestic product grew 5.1% in 2024, according to figures released by the nation's central bank, up from a revised 3.6% the previous year and meeting the government's target of 4.8% to 5.3%. "On the domestic front, growth was mainly driven by stronger household spending reflecting favorable labou market conditions, policy measures to support households and healthy household balance sheets," Bank Negara Malaysia said in a statement. "On the external front, exports recovered amid steady global growth, continued tech upcycle as well as higher tourist arrivals and spending." (ICE KUALA LUMPUR)
Fonte notizia: 28 febbraio 2025, Bernama
