MIDF Research noted that Malaysia’s Industrial Production Index (IPI) will see stronger growth of 3.7% this year, improving from 1.1% in 2023, despite a slowdown to 3.1% in February. However, the research house warned of potential risks that could dampen this growth, including sluggish major economies, rising commodity prices, geopolitical tensions, and the impact of stringent monetary policies on demand from advanced markets.