HSBC forecasts Malaysia's 2024 GDP at 4.5%

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KUALA LUMPUR: HSBC has forecast Malaysia’s gross domestic product (GDP) growth at 4.5 per cent for 2024, slightly above consensus with an upside risk.

"With the global demand from consumers for electronics accelerating notably, this should also help countries in ASEAN, particularly Malaysia and Vietnam.

Malaysia’s trade deficit in petroleum products is now at an all-time high,” she said, adding that the ringgit is forecast to be at 4.68 for year-end.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaVietnam

Topics: Outlook Economy 2H 2024 Joey Chew Asia Herald van der Linde HSBC /Business/Business News Frederic Neumann

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 15:33:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 578 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © The Star

News ID: 21747614

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 47 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 31 minutes ago

Coverage Areas: Malaysia

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Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #22

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