Thailand's economy expanded 1.5% in the first quarter from a year earlier, official data showed on Monday, beating analysts' expectations.
Prime Minister Anwar Ibrahim’s visit to the Kyrgyz Republic, Kazakhstan and Uzbekistan has successfully generated investments and trade potential of at least RM2.1 billion, which will benefit Malaysia's economic growth.
The government is optimistic that Malaysia’s gross domestic product (GDP) is well placed to expand within the official forecast range of 4% to 5% in 2024, driven by higher-than-expected growth in the first quarter of 2024 (1Q2024).
Economists have maintained their 2024 economic growth forecast for Malaysia at between 3.5% and 4.7% after Bank Negara Malaysia (BNM) announced first quarter gross domestic product (GDP) growth accelerated faster than expected.
Asian shares started the week by rallying two-year highs on Monday, buoyed by China's strongest measures yet to address its property crisis and by expectations for global rate cuts within weeks, while the dollar steadied after a weekly drop.
The dollar was broadly steady on Monday as investors awaited further clues to help chart the U.S. interest rate path in the wake of cautious comments from Federal Reserve officials, even as inflation shows signs of cooling.