Malaysia’s GDP Growth Moderated More than Expected to +4.4%yoy in 1QCY25

GDP growth moderated more than expected. Based on advance estimate, Malaysia’s GDP growth moderated further to +4.4%yoy in 1QCY25 (4QCY24: +5.0%yoy), below our and market expectations. All major sectors recorded slower growth, with mining sector contracted at sharper pace.

GDP Growth Moderated

GDP fell -3.7%qoq from the previous quarter. On quarter-on-quarter basis, Malaysia’s GDP fell by -3.7%qoq in 1QCY25 (4QCY25: +2.7%qoq) based on data which is not seasonally adjusted. All sectors, except construction, contracted during the quarter.

Malaysia’s GDP growth to moderate to +4.0% this year. We forecast Malaysia’s GDP will experience a more moderate of +4.0% this year (2024: +5.1%), driven mainly by sustained growth in the domestic spending. We foresee external trade will grow at slower pace, taking into account the expected slowdown in external demand growth particularly from the US. – MIDF

More Business News

Staff Writer

Recent Posts

Malaysia’s Economy Posts 6% Growth in Q2, Driven by Broad-Based Expansion

Malaysia’s economy grew 6% in Q2 2026, driven by broad-based expansion, resilient demand, and strong…

12 hours ago

Pepper Labs Marks 11 Years, Advancing AI Learning in Malaysia

Pepper Labs launched 50,000 AI learning opportunities for Malaysians to boost AI readiness, coinciding with…

14 hours ago

Singapore Bank Stocks Surge on Strong Earnings and Rising Interest Rates

Singapore bank stocks soar on strong earnings, dividends, and higher interest rates, reinforcing investor confidence…

17 hours ago

Gamuda Secures RM1.6bn Ganymirra and Majors Creek Solar and Battery Hybrid Projects

Gamuda Bhd secured AUD569m contracts for solar projects, enhancing its green energy presence in Australia.

18 hours ago

Feature Report: Expect 2Q GDP Growth at +5.9%yoy, Slightly Above Advance Estimate

We anticipate Malaysia’s economy to grow by +5.9%yoy in 2QCY26, slightly above the +5.8% advance…

20 hours ago

PTP Commissions Malaysia’s First Electric Prime Mover Fleet

Port of Tanjung Pelepas commissions Malaysia’s first electric prime mover fleet, supporting decarbonisation, efficiency and…

20 hours ago

This website uses cookies.