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MIDF: Malaysia’s Q2 2024 GDP growth set to hit 6.1pc, bolstered by resilient domestic spending

Malay Mail LogoMalay Mail9h ago

MIDF: Malaysia’s Q2 2024 GDP growth set to hit 6.1pc, bolstered by resilient domestic spending - Malay Mail

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KUALA LUMPUR, Aug 15 — MIDF Research estimated the full quarter gross domestic product (GDP) growth for the second quart...

MIDF Research opined that the growth momentum will continue in the second half of 2024, backed by the growing domestic economic activities and recovering exports.“Nevertheless, we are wary of several downside risks to Malaysia’s growth outlook, which could come from possible re-acceleration in inflation and uncertainties from the external front, such as weaker growth in China and the US and further escalation in geopolitical conflicts,” it added.

In a note today, MIDF Amanah Investment Bank Bhd unit said domestic spending stayed robust and domestic demand in Malaysia remains the key driver underpinning stronger growth momentum in Q2 2024.

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Article Details

Category: EconomyBusiness

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-15 @ 12:59:38 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 243 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 23 words per sentence (average)

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

Copyright Owner: © Malay Mail

News ID: 22084921

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About Malay Mail

Malay Mail Logo

Main Topics: EconomyBusiness

Official Website: malaymail.com

Update Frequency: 11 posts per day

Year Established: 1896

Headquarters: Malaysia

News Last Updated: 9 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #106

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The story "MIDF: Malaysia’s Q2 2024 GDP growth set to hit 6.1pc, bolstered by resilient domestic spending" was covered 9 hours ago by Malay Mail, a news publisher based in Malaysia.

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