Malaysian economy expected to grow between 4.5 pct, 5.5 pct in 2025

Xinhua
25 Mar 2025, 06:45 GMT+10

This photo taken on Jan. 29, 2024 shows a night view near Petronas Twin Towers in Kuala Lumpur, Malaysia. (Xinhua/Cheng Yiheng)

KUALA LUMPUR, March 25 (Xinhua) -- The Malaysian economy is projected to grow between 4.5 percent and 5.5 percent in 2025, underpinned by domestic demand, the country's central bank said Monday.

The Bank Negara Malaysia (BNM) said in a statement that this growth will be driven by sustained domestic demand, despite heightened external uncertainties that could lead to a more moderate expansion of exports.

BNM governor Abdul Rasheed Ghaffour said that while uncertainties remain on the global horizon, Malaysia's diversified economic structure and a wide array of policy tools will accord the country the resilience and agility to navigate these headwinds.

"We are confident that the Malaysian economy will remain on a steady growth path, with inflationary pressures to remain broadly manageable," he said.

With favorable domestic conditions expected, Malaysia should continue its pursuit of key structural reforms to ensure sustainable growth for the years to come, he added.

The Malaysian economy registered a growth of 5.1 percent in 2024.

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