Malaysia economic growth likely slowed to 5.3 per cent in January-March
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Malaysia's economic growth is projected to slow to 5.3% in Q1 2025, down from 6.3% in Q4 2024, according to a Reuters poll. This slowdown is attributed to a normalization in growth, despite strong household consumption supported by fuel subsidies and ongoing exports. The economy is expected to grow 4.5% for the year, aligning with Bank Negara Malaysia's forecast. The mining sector saw a contraction of 1.1% due to reduced crude oil and natural gas production. Bank Negara maintained its interest rate at 2.75% for stability and sustainable growth.
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