Malaysia's economy expands 5% in 4Q, 5.1% in 2024

Quick Summary:

KUALA LUMPUR: Malaysia's economy grew 5% in the fourth quarter of 2024 (4Q24), slightly above market expectations and the official advance estimate of 4.8%.

The central bank said this provided support to the current account, leading to a continued surplus of 1.7% of gross domestic product (GDP) in 2024 as compared to 1.5% in 2023.

On inflation, Bank Negara said cost increases are expected to remain manageable in 2025 amid easing global cost conditions and the absence of excessive domestic demand pressures.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Spending Consumer GDP Export Bank Negara Manufacturing /Business/Business News Economy Inflation Construction

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-14 @ 12:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 576 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 26136782

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 5 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 5 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions