Kenanga maintains 2Q24 GDP growth forecast at 4.5-5.0%

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KUALA LUMPUR: Kenanga Investment Bank Bhd has maintained its growth forecast for 2024 at 4.5 per cent to 5.0 per cent, with an upside bias towards hitting the upper-end target.

Kenanga maintains 2Q24 GDP growth forecast at 4.5-5.

Kenanga said this is higher than the house projection of 5.1 per cent and Bloomberg’s consensus of 4.7 per cent, with 16 estimates looking at a range of 3.7 per cent to 5.1 per cent.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaUnited States

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-22 @ 19:25:00 (2 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 434 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © The Star

News ID: 21726215

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