GDP

Malaysia’s economy continues to show resilience and growth, with a stronger-than-expected performance in the second quarter of 2024 (2Q2024) prompting economists to revise their forecasts upward for the country's gross domestic product (GDP) growth this year. The economic expansion is largely attributed to robust domestic spending, investment activity, and a notable recovery in the tourism...

Malaysia has demonstrated commendable economic resilience by achieving a gross domestic product (GDP) growth of 3.6% in 2023, according to the Department of Statistics Malaysia (DOSM). This achievement is particularly notable given the challenging global economic environment characterized by geopolitical tensions, rising living costs, and commodity price fluctuations. Services Sector Leading the...