Macro - Country Economic Forecasts - Malaysia
Despite Malaysia's solid Q3 GDP growth, early signs of weakness are emerging in private consumption and the services sector. We've kept our 2023 GDP forecast at 4.3% and expect growth to slump to 3.5% in 2024 as domestic demand loses momentum and fiscal policy drags.
Malaysia: Weakness is brewing despite strong L3 growthForecast overviewRecent developmentsShort-term outlookKey drivers of our Short-term ForecastEconomic riskEconomic risk evaluationrisk warningsWhat to watch out forExposure to Key global risksLong-term prospectsBackgroundEconomic developmentStructure of the economyBalance of payments and Structure of tradePolitics