More jobs, higher wages, stronger investor confidence: Malaysia’s 5.1pc GDP growth in 2024 fuels economic momentum, says minister

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KUALA LUMPUR, Feb 19 — Malaysia’s gross domestic product (GDP) growth, which reached 5.1 per cent in 2024, has provided...

He said private consumption continued to be the main contributor to GDP in 2024 at 60.7 per cent, driven by increased demand for essential goods and services.

He said that as a country that practices the policy of open economy, Malaysia is directly involved in the global supply chain and adopts a neutral approach in dealing with other countries, including the United States (US) and China, which are among the country’s main trading partners.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaGermanyNetherlandsUkraineUnited States

Topics: Malaysia economy Amir Hamzah Azizan GDP growth malaysia

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-19 @ 16:37:28 (2 days ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 541 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 26269421

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