GDP growth forecast for 1Q25 seen at 4.4%

MIDF Research expects external demand to contribute positively as net exports of goods were higher than a year ago.

PETALING JAYA: Domestic demand will continue to be the key driver of Malaysia’s economic growth in the first quarter of 2025 (1Q25), underpinned by persistent growth in private consumption considering the stronger expansion in retail trade and sustained rise in the services sector.

The finalised 1Q25 gross domestic product (GDP) data is scheduled for release today.