Macro - Country Economic Forecasts - Malaysia

Macro - Country Economic Forecasts - Malaysia



The Malaysian economy continues to confound our and consensus expectations. We've raised our 2024 growth forecast by 1.1ppts to 5.6% given healthy Q3 GDP data, but we expect a slowdown to 4.3% in 2025 as the low base from a year ago drops out of the comparison. Upside risks to inflation from Q2 suggests no change to monetary policy in 2025, despite the loss of momentum.


Malaysia: Growth continues to confound, but momentum set to fade
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy

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