AmBank foresees slightly slower 3Q GDP growth at 5.1%

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KUALA LUMPUR: AmBank Group foresees a slightly slower year-on-year (y-o-y) gross domestic product (GDP) growth of 5.1 per cent for Malaysia in the third quarter of 2024 (3Q2024), down from the official advance estimate of 5.3 per cent.

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"We posit that 4Q2024 growth will moderate further due to headwinds from global uncertainties, which could impact consumer and business sentiment.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Gross domestic product GDP Economy AmBank /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 20:33:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 303 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 23515020

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Official Website: thestar.com.my

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Year Established: 1971

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Publisher ID: #22

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