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2026-07-15 11:58:12
[Economists predict Malaysia's Q2 GDP growth will slow to 4.8%-5.0%, with domestic demand and policy stability supporting resilience] (1) Economist Mohd Sedek Jantan (IPPFA Investment Strategy Director) predicts that Malaysia's Q2 GDP growth will slow to 4.8%-5.0% from 5.4% in Q1. Despite geopolitical tensions in West Asia pushing up global energy prices, the domestic economy remains resilient, with strong domestic demand, stable foreign trade, and a favorable policy environment sufficient to offset external headwinds. (2) The manufacturing PMI rebounded from 49.9 in May to 50.5 in June, indicating a recovery in industry expansion, thanks to continued demand for electronics and electrical exports driven by global AI technology upgrades; domestic consumption remained strong, with wholesale and retail trade exceeding RM170 billion in April and May, a high in recent years, reflecting the resilience of household spending. (3) Inflation was under control as the RON95 petrol subsidy remained at RM1.99 per liter, limiting energy price transmission; Bank Negara Malaysia's stable interest rates supported credit and investment. The full-year GDP growth forecast remains at 4.6%, but geopolitical and global trade dynamics need to be monitored. Preliminary official second-quarter data will be released on July 17.
