Malaysia on track to post high growth this year: PM

Malaysia’s economy expanded by 5.2% in the third quarter of 2025, compared with 4.4% in the second quarter, driven by robust performance across all sectors.

Kuala Lumpur (VNA) – Malaysian Prime Minister Anwar Ibrahim said he expects the Southeast Asian nation to achieve its growth target of 4–4.8% this year, after its gross domestic product (GDP) surged to 5.2% in the third quarter.

Anwar, who also serves as Minister of Finance, said that with resilient domestic demand, a stable labour market, and continued investments in high-growth, high-value sectors, the country is building a solid foundation for sustained economic momentum through the remainder of the year.

Malaysia’s economy expanded by 5.2% in the third quarter of 2025, compared with 4.4% in the second quarter, driven by robust performance across all sectors. He added that resilient domestic demand continued to underpin growth despite lingering external headwinds and global uncertainties.

For the first nine months of 2025, the Malaysian economy grew by 4.7%, underscoring the country’s resilience and strong fundamentals in weathering global challenges.

Anwar noted that the Q3 performance was consistent with improvements in key economic indicators, including the labour market, with total employment rising by 3.1% to 17 million persons, while the unemployment rate remained at 3%, the same level as in Q2.

The PM said the government remains committed to implementing structural and fiscal reforms to boost productivity, enhance competitiveness, and promote digitalisation and high-quality investment.

He added that the government is steadfast in its efforts to reduce the fiscal deficit to 3.8% in 2025 and 3.5% in 2026./.

VNA

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