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Strong investments, exports drive GDP growth to 5.3pct

The Malaysian economy expanded by 5.3 percent in the third quarter of 2024 (3Q 2024), driven by strong investment activities and continued improvement in exports.

Bank Negara Malaysia (BNM) governor Abdul Rasheed Ghaffour said with the country’s economy expanding by 5.9 percent in 2Q 2024, the average growth for the first three quarters came to an average of 5.2 percent.

“Investment activity was underpinned by strong spending on…

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