Malaysia’s GDP to hit 6pc in Q2 2024 amid consumption, tourism boost, says Bank Islam

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KUALA LUMPUR, Aug 14 — Bank Islam Malaysia Bhd anticipates Malaysia’s gross domestic product (GDP) growth to reach 6.0 p...

However, it noted that the outlook faces several downside risks from global developments, including the US presidential election, intensified US-China trade tensions, and escalating tensions in the Middle East.

The Malaysian economy grew by 4.2 per cent year-on-year in the first quarter of 2024, which means a 6.0 per cent expansion in 2Q would represent a growth acceleration.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaSingaporeUnited States

Topics: Gross Domestic Product GDP Malaysia economy Bank islam malaysia bhd Malaysia GDP

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-14 @ 16:43:32 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 505 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 37 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 22075560

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