Malaysia’s GDP growth slowed to 3.4% in Q4 2023, below the expected 4.1%, as exports to China declined. This slower growth reflects challenges in construction and stagnant manufacturing, with the economy growing 3.8% in 2023, below the central bank’s estimate of approximately 4% expansion. The final GDP figures for Q4 will be released on February 16, with the outlook for 2024 remaining uncertain due to external and domestic risks.