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: MalaysiaHong Kong

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 20:33:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 303 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23515020

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