PM Anwar: Strong 3Q GDP puts Malaysia on track for 4.8-5.3pc growth in 2024

3Q GDP News

PM Anwar: Strong 3Q GDP puts Malaysia on track for 4.8-5.3pc growth in 2024
Malaysia EconomyAnwar IbrahimMinistry Of Finance
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KUALA LUMPUR, Nov 15 — Prime Minister Datuk Seri Anwar Ibrahim said Malaysia’s strong economic performance in the third quarter (3Q) of 2024 reflects both business and consumer...

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The performance in 3Q was in line with the Department of Statistics Malaysia’s advance estimate released earlier, it said. Anwar who is also the finance minister said that despite global turbulence and uncertainties, Malaysia’s fundamentals continue to gain momentum, growing from strength to strength.

“Staying the course on reforms is reflected in our 2025 Budget, whereby the government continues to strengthen fiscal management by reducing the fiscal deficit, expanding our revenue base and further optimise government expenditure including through targeted subsidies on fuel,” he explained. “The government believes that opportunities can arise even in times of chaos and that a resurgent Malaysia is well-positioned to capitalise on the increasing adoption of the Plus-One strategy.

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