KUALA LUMPUR, March 12 (Bernama) — Small Medium Enterprise Development Bank Malaysia Berhad (“SME Bank”) has projected Malaysia’s growth to hover between 4.5% to 5.0%, reflecting the positive sentiment of the overall economy, in line with the robust Madani Economy framework.
Datuk Dr. Mohammad Hardee Ibrahim, Acting Group President/Chief Executive Officer of SME Bank said, “Malaysia’s Gross Domestic Product (“GDP”) growth accelerated to 5.1% Year-on-Year (“YoY) for the full year 2024, which is well within our in-house estimate of 4.3% to 5.3%. This was driven by stronger household spending and supported by favourable labour market conditions, robust investment and recovery in external trade. Riding on the back of this positive momentum, we forecast Malaysia’s GDP for 2025 to register between 4.5% and 5.0%.
