BNM Sees Full-year 2025 GDP Growth At Upper End Of Forecast Range

KUALA LUMPUR, Nov 14 (Bernama) -- Bank Negara Malaysia (BNM) expects the full-year gross domestic product (GDP) growth to be at the upper end of its forecast range of 4.0 per cent to 4.8 per cent, said governor Datuk Seri Abdul Rasheed Ghaffour.

He said that Malaysia’s economy grew by 4.7 per cent in the first nine months of 2025, well within the central bank’s forecast range.

“We are now at the upper end of the range,” he said during a joint press conference held by BNM and the Department of Statistics Malaysia in conjunction with the announcement of the third quarter (3Q) 2025 GDP performance here today.

Malaysia reported a GDP growth to 5.2 per cent in 3Q 2025, supported by sustained domestic demand and higher net exporters.

The economy grew 4.4 per cent in the first and second quarter of the year.

However, Abdul Rasheed cautioned that overall growth is subject to both downside and upside risks, which include further slowdown in trade as a result of higher tariffs imposed by the United States (US), weaker sentiment from uncertainty affecting spending and investment, as well as lower-than-expected commodity production.

“On the other hand, growth could be higher with more pro-growth policies in major economies, favourable outcomes from remaining US trade negotiations, higher demand for electrical and electronics goods, as well as more robust tourism activity,” he added.

-- BERNAMA