KUALA LUMPUR, Aug 15 — MIDF Research estimated the full quarter gross domestic product (GDP) growth for the second quarter (Q2) 2024 to be around 6.1 per cent year-on-year...
What to know about Annice Lyn, the Malaysian photographer behind the iconic shot of Algerian boxing champ Imane Khelif in the Paris OlympicsMIDF Research estimated the full quarter gross domestic product growth for Q2 2024 to be around 6.1 per cent year-on-year, supported by robust growth in the services sector. — Picture by Hari AnggaraKUALA LUMPUR, Aug 15 — MIDF Research estimated the full quarter gross domestic product growth for the second quarter 2024 to be around 6.
MIDF Research said consumer spending continued to increase as shown by the more robust rise in retail trade, which grew 7.4 per cent y-o-y in Q2 2024 compared to 5.2 per cent in Q1 2024, the fastest expansion in four quarters. “Export recovery also contributed to the Q2 2024 GDP growth, but we do not expect any big boost from net exports in view of more robust growth in imports,” it said.
“Nevertheless, we are wary of several downside risks to Malaysia’s growth outlook, which could come from possible re-acceleration in inflation and uncertainties from the external front, such as weaker growth in China and the US and further escalation in geopolitical conflicts,” it added. — Bernama
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