Agency. The Malaysian central bank said the country’s economy grew by 5.1 percent in 2024. This was due to the continued expansion in domestic demand and improvement in exports.
Bank Negara Malaysia said on the domestic front, growth was mainly driven by strong household spending, favourable labour market conditions, policy measures to support households and healthy household balance sheets.
In addition, strong investment approvals and further progress on multi-year projects by the private and public sectors, including catalytic initiatives under national master plans, have provided further impetus to investment growth.
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