The global economic landscape continued to experience considerable challenges in 2023, marked by persistent divergence in global growth and monetary policy expectations, coupled with escalating geopolitical tensions that contributed to overall volatility in global financial markets. Domestically, growth of the Malaysian economy moderated but remained resilient, underpinned by sturdy domestic demand. Against the backdrop of heightened global challenges, the Malaysian capital market stayed orderly and continued to function effectively in financing economic activity and intermediating savings. Going forward, the Malaysian economy is expected to remain on a steady growth path in 2024, driven by continued private sector spending. Meanwhile, the domestic capital market is expected to remain stable, fair, and orderly, backed by sound economic fundamentals, ample domestic liquidity, and a supportive policy environment.