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Global Economic News

Malaysia GDP Expands More Than Estimated

By Renju Jaya   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024 lt

Malaysia's economy expanded more than previously estimated in the fourth quarter on household spending and investment, official data showed on Friday.

Gross domestic product expanded 5.0 percent year-on-year in the fourth quarter. This was revised up from the prior estimate of 4.8 percent and follows 5.4 percent growth registered in the third quarter.

Private final consumption expenditure and gross fixed capital formation were the main catalysts on the demand side.

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