ECONOMY / KEY INFRASTRUCTURE UPDATES
- Malaysia’s Gross Domestic Product (GDP) grew at 5.3% in 3Q 2024, driven by most of the sectors.
- Exports grew by 11.8% this quarter, up from an 8.4% increase in the previous quarter, fueled by strong performance in the export of goods and services.
- The Malaysian economy is projected to expand between 4.8% and 5.3% in 2024 (cf. 2023: 3.7%).
- Bank Negara Malaysia (BNM) has kept the Overnight Policy Rate (OPR) unchanged at 3.0%, a level maintained since 2Q 2023.
- Inflation remained at 1.9% in 3Q 2024 and is projected to range between 1.5% and 2.5% for the full year, according to BNM.
