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Maybank IBG lifts Malaysia's 2026 GDP forecast to 4.9%

Maybank IBG said outlook for the second half of 2026 remains healthy, especially amid the sustained momentum in investment approvals, particularly in technology, renewable energy, industrial real estate and infrastructure segments.

The Maybank Investment Banking Group (Maybank IBG) raises Malaysia’s 2026 gross domestic product (GDP) growth forecast to 4.9% from 4.4% previously (Photo: Xinhua/VNA)
The Maybank Investment Banking Group (Maybank IBG) raises Malaysia’s 2026 gross domestic product (GDP) growth forecast to 4.9% from 4.4% previously (Photo: Xinhua/VNA)

Kuala Lumpur (VNA) - The Maybank Investment Banking Group (Maybank IBG) has raised Malaysia’s 2026 gross domestic product (GDP) growth forecast to 4.9% from 4.4% previously, citing positive investment prospects and the economy's resilient performance.

The firm attributed the stronger outlook to solid manufacturing activity and firmer net exports, supported by the artificial intelligence (AI) driven technology upcycle and Malaysia's position as a net energy exporter benefiting from higher commodity prices.

Maybank IBG said outlook for the second half of 2026 remains healthy, especially amid the sustained momentum in investment approvals, particularly in technology, renewable energy, industrial real estate and infrastructure segments.

According to the firm, the economic data for April and May suggest Malaysia is on track to post another quarter of more than 5% growth despite persistent geopolitical risks.

Maybank IBG maintained its positive outlook on the domestic equity market, keeping its year-end target for the FTSE Bursa Malaysia KLCI at 1,750.

The target is underpinned by an expected 7.5% earnings growth, continued benefits from the investment upcycle, resilient spending on consumer essentials and steady foreign investor participation.

The firm also raised its 2026 GDP growth forecast for the ASEAN-6 economies to 4.7% from its previous estimate of 4.5% in March, citing improving economic conditions./.

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