Malaysia's central bank projects 2024 growth of 4‑5 %

Bank Negara Malaysia (BNM) forecasts that the Malaysian economy will expand by 4 % to 5 % in 2024. The outlook is supported by steady domestic demand and a noticeable rebound in external trade, which together are expected to push growth toward the upper end of the range.

BNM cautions that risks remain from a possible slowdown in the global economy and any adjustments to policy settings. Investors are encouraged to consider the forecast as a sign of resilience, but to monitor external headwinds closely.