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2025-10-28 13:51:13
[Citigroup Raises Malaysia's 2025 GDP Forecast] 1. Citigroup raised its 2025 GDP growth forecast for Malaysia from 4.4% to 4.6% after better-than-expected preliminary third-quarter GDP data. 2. Analyst Wei Zheng Kit said that economic growth is expected to slow to 4.4% in the fourth quarter due to external headwinds and quarter-on-quarter normalization. The economy is likely to slow gradually through 2026, although Malaysia's favorable trade agreement with the United States has limited the impact of tariffs compared to most ASEAN countries. 3. The 2026 growth forecast remains unchanged at 4.2%. A more moderate export slowdown and approved investments are likely to support near-term foreign direct investment, but economic uncertainty may curb private capital expenditure. Inflation risks remain low, and the view that Bank Negara Malaysia will maintain interest rates in 2025-2026 is maintained.
