M'sia on track to achieve 4-5pct GDP projection this year, Zafrul says

A robust gross domestic product (GDP) growth of 5.9 percent in the second quarter of 2024 is a positive indicator that Malaysia is on track to achieve its GDP projection of around 4.0 to 5.0 percent for the year.

Investment, Trade and Industry Minister Tengku Zafrul Abdul Aziz said in a post on X yesterday that among the factors contributing to the GDP growth in the second quarter was a significant increase in private investment, as investors are increasingly confident about the country’s economic prospects.

“Private investment increased...