Bank Negara Malaysia says economic fundamentals remain strong.
Read More: https://www.freemalaysiatoday.com/category/nation/2025/02/14/malaysia-records-5-1-gdp-growth-in-2024/
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Read More: https://www.freemalaysiatoday.com/category/nation/2025/02/14/malaysia-records-5-1-gdp-growth-in-2024/
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NewsTranscript
00:00Malaysia's economy grew by 5.1% last year after rounding out the year, with a 5% gross
00:07domestic product growth in the final quarter.
00:10Bank Negara Malaysia said this was a significant increase compared with the 3.6% GDP growth
00:16recorded in 2023, though the 5% growth in Q4 was slightly lower than the 5.4% recorded
00:24in the previous quarter.
00:26In a statement today, BNM said domestic consumption and strong investment activity were the main
00:31drivers of the nation's growth.
00:34Household spending remained stable thanks to a strong job market and the support of
00:38government policies, while investment activity was fuelled by major projects under the National
00:43Energy Transition Roadmap and the new Industrial Master Plan.
00:48Inflation in the fourth quarter eased slightly to 1.8% from 1.9% in the previous quarter,
00:54with lower fuel and communication costs helping offset rising food prices.
00:59BNM expects steady growth in 2025, driven by investments, household spending, and stronger
01:05exports.
01:06Pan Yujo, FMT News.