Strong investments, exports drive Malaysia's third quarter GDP growth to 5.3%

The Star 2024-11-15

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The Malaysian economy expanded by 5.3 per cent in the third quarter of 2024 (3Q 2024), driven by strong investment activities and continued improvement in exports.

Bank Negara Malaysia (BNM) governor Datuk Seri Abdul Rasheed Ghaffour said with the country’s economy having expanded by 5.9 per cent in 2Q 2024, the average growth for the first three quarters came to an average of 5.2 per cent.

He said this during the third quarter GDP press conference on Friday (Nov 15).

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