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The Central Bank says that Southeast Asia economy on the way to stable investments, exports and household expenses are moving forward.
Malaysia's economy increased by 5.1 percent in 2024, as strong domestic demand and investment compensate for a decline in the goods sector, according to the Central Bank of the Southeast Asia country.
Gross domestic product (GDP) increased by 5 percent in the quarter in October-December, said Bank Negara Malaysia on Friday, less than 5.3 percent growth in the third quarter, but before the advance rating of 4.8 percent.
The effectiveness of the year of the year marked a significant jump from GDP growth of 3.7 percent in 2023.
“In the future, while the global environment can be challenging, the growth of the Malaysian economy will be conditioned by a stable expansion of investment activity, sustainable household costs and expansion of exports, supported by the strong economic foundations of Malaysia,” said the governor of the Bank Negara Malaysia Abdul Rashid Gafur, who said the bank's governor Malaysia Abdul Rashid Gafur said the Bank Negara Malaysia Abdul Rashid Gafur, “said bank Governor Malaysia Abdul Ghafur, who stated the Negara Rashida Bank Malaysia Ghafur, Abdul Rashid Ghafer, said Banska Malaysia Abdul Rashid Gafur Abdul Rashid Ghafer.
Bank Negara Malaysia said inflation dropped to 1.8 percent in 2024, which was 2.5 percent in the previous year.
The Malaysian Ringgit estimated 2.7 percent against the US dollar, the central bank said, and also won against the Singapore dollar, the South Korean won the Japanese yen.
Bank Negara Malaysia said the economic perspectives are at risk of slowing down the growth of Malaysia's commercial partners against the background of an increased threat of trade restrictions and more glorious production of goods.
“However, the potential upward to growth includes larger transfusions than the technological cycle, more healthy tourist activities and a faster implementation of investment projects,” the central bank said.
