Kota Kinabalu: After achieving a growth of 5.1%, Malaysia's economic growth is projected to slow to 4.7% in 2025, according to BIMB Securities Research in a report.
In a note released today (Feb 17), it stated that the economy will be supported by a resilient labor market, steady demand for electrical and electronics (E&E) exports, and the accelerated implementation of investment projects,TMR reported.
Advertisement (adsbygoogle = window.adsbygoogle || []).push({});Private consumption is expected to remain a key pillar, bolstered by increased government cash transfers, Phase 1 of the civil servant salary revision, and the new RM1,700 minimum wage.
The services sector is also expected to remain strong, benefiting from higher tourist arrivals and robust consumer demand.
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