Malaysia registers economic growth of 3% in 4Q, 3.7% in 2023

KUALA LUMPUR: Malaysia’s economic growth slowed to 3% in the fourth quarter of 2023, with exports remaining subdued over the quarter on prolonged weakness in external demand.

The country’s gross domestic product (GDP) was lower than 3.3% growth registered in the previous quarter, disappointing market expectations.

READ ALSO: Economy expected to grow 3.4% in 4Q23

In an issued statement, Bank Negara said the country’s unemployment rate declined to the…