Malaysia's Slower GDP Growth Last Quarter Shows Risks Ahead [Yahoo! Finance Canada]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Gross domestic product rose 4.8% in the October-December period from a year ago, according to advance estimates from Malaysia's Department of Statistics on Friday. That's below the 5.2% median estimate in a Bloomberg News survey and the 5.3% expansion in July to September, marking a second straight quarter of slower growth. For the full year, the economy increased 5.1% in 2024, putting it within the government's projection of a 4.8% to 5.3% growth and faster than the 3.6% pace in 2023. The final figures will be released on Feb. 14. “It is not the home run analysts were expecting but signals strong momentum nonetheless,” said Lavanya Venkateswaran, economist at Oversea-Chinese Banking Corp. “We maintain our 2025 GDP growth forecast of 4.5% and expect Bank Negara Malaysia to remain on hold in 2025.” While officials remain optimistic about the country's growth amid improving foreign investments, uncertainty over the impact of Donald Trump's trade policie
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