Growth

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...

In the wake of narrowly missing its growth targets last year, the Malaysian government and central bank are doubling down on efforts to stimulate the economy, which has shown resilience despite facing significant headwinds. The ringgit's recent depreciation to a 26-year low signals the challenges ahead, yet the nation is optimistic about a turnaround, driven by a series of strategic initiatives aimed at...