The Business Times
business-time-50
Asean Business logo
SPONSORED BYUOB logo

Malaysia’s 2023 GDP growth estimated at 3.8%, missing forecast due to weak exports

google-preferred-sourceAdd BT as a preferred source

Tan Ai Leng

Published Fri, Jan 19, 2024 · 03:15 PM
    • A slowdown in construction and stagnant manufacturing activity is weighing on the Malaysian economy.
    • A slowdown in construction and stagnant manufacturing activity is weighing on the Malaysian economy. PHOTO: AFP

    [KUALA LUMPUR] Malaysia’s economic growth in 2023 is estimated to have expanded at a slower-than-expected pace due to lower exports.

    The country’s gross domestic product (GDP) is projected to have grown by 3.4 per cent in the fourth quarter last year, with full-year growth expected to be 3.8 per cent, according to advance estimates released by the Department of Statistics Malaysia (DOSM) on Friday (Jan 19).

    The advance quarterly GDP figures by DOSM, which were compiled based on partial information and surveys, aimed to provide early indications of economic performance.

    Malaysia economyChinaManufacturingConstructionAsean BusinessAsean

    TRENDING NOW

    Employees may grumble about long hours, difficult clients or demanding deadlines, but often the biggest push factor is how they are treated.

    What makes a good job? Feeling that you matter

    Faishal Ibrahim has resigned from political office.

    Faishal Ibrahim resigns over online messages with a female member of the public

    Alibaba’s Qwen alone has overtaken Meta’s Llama to become the most downloaded open-source model family in history.

    When the disruptor gets disrupted: How Chinese open-source AI is eating its own industry

    CapitaLand Integrated Commercial Trust is spending S$160 million to revamp Plaza Singapura and The Atrium@Orchard.

    Retail resets: Mall owners reposition shopping centres as Singapore’s consumer landscape evolves

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More