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MALAYSIA: Final 2024 GDP Confirms Stellar Year for Malaysia. 

MALAYSIA
EM BulletBulletAPACEmerging Market News
  • Malaysia’s final 2024 GDP was released today confirming that the South East Asian nation’s growth rate is among the best of its regional peers.
  • The final 2024 GDP growth rate was 5.1%, up from 3.6% in 2023 and within the forecast for a GDP expansion of +4.8-5.3% for 2024 by the Central Bank.
  • The forecast range from the BNM for 2025 is currently at +4.5 – 5.5%.
  • Malaysia’s fourth quarter GDP result was ahead of expectations at 5.0%, from 4.8% in Q3.
  • Recently Prime Minster Anwar boasted that Malaysia had tamed inflation, reduced unemployment and stabilized the economy and the focus on chips and data centres will support Malaysia’s growth outlook in 2025.
  • The BNM next meets on March 6 and based on today’s result, there seems little pressure to cut rates. 
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  • Malaysia’s final 2024 GDP was released today confirming that the South East Asian nation’s growth rate is among the best of its regional peers.
  • The final 2024 GDP growth rate was 5.1%, up from 3.6% in 2023 and within the forecast for a GDP expansion of +4.8-5.3% for 2024 by the Central Bank.
  • The forecast range from the BNM for 2025 is currently at +4.5 – 5.5%.
  • Malaysia’s fourth quarter GDP result was ahead of expectations at 5.0%, from 4.8% in Q3.
  • Recently Prime Minster Anwar boasted that Malaysia had tamed inflation, reduced unemployment and stabilized the economy and the focus on chips and data centres will support Malaysia’s growth outlook in 2025.
  • The BNM next meets on March 6 and based on today’s result, there seems little pressure to cut rates.