Despite contracting 0.3% in 2023, Germany overtook Japan to be the third world’s biggest economy with a gross domestic product of US$4.5 trillion (RM21.5 trillion). Official data also showed Japan netted 1.9% growth, or US$4.2 trillion, last year.
Malaysia is set to achieve the 2023 gross domestic product growth target of 4% to 5% based on the good economic momentum seen so far, the Statistics Department said.
Palm oil, rubber, cocoa and aerospace equipment among exports covered under the Reciprocal Trade Agreement signed between Malaysia and the United States
