Malaysia’s economy grows 3% in Q4, below forecast – 2024-02-15

KUALA LUMPUR, Feb 16 (Reuters) – Malaysia’s economy in
the fourth quarter of 2023 grew 3% from a year earlier, slower
than the previous three-month period, the central bank said on
Friday.

Bank Negara Malaysia (BNM) said growth in the
October-December period was driven by improving labour market
conditions and easing cost pressures.

“Growth in investment activity was underpinned by the
progressive realisation of multi-year projects and capacity
expansion by firms,” the central bank said in a statement.

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