Malaysia’s ‘Resilient’ Economy is Outperforming Singapore & Thailand, Finance Ministry Says

The Ministry of Finance (MOF) recently announced that Malaysia’s economy grew by 4.4%, driven mainly by strong domestic demand.

Despite global trade tensions and geopolitical uncertainties, the country’s growth held up well, outperforming several ASEAN neighbours like Singapore and Thailand in the second quarter of this year.

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Malaysia’s 2025 GDP growth forecast: 4% and 4.8%

This came after Senator Pele Peter Tinggom asked the Finance Ministry about Malaysia’s economic growth for the second quarter of 2025, and how it stacks up against other ASEAN countries, according to BERNAMA.

For comparison, Singapore recorded 4.3% growth, while Thailand came in at 2.8%.

The ministry added that Malaysia’s overall GDP growth for 2025 is expected to be between 4.0% and 4.8%, taking into account current global economic challenges and conditions.

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Malaysia trails behind Vietnam, the Philippines, and Indonesia

However, the ministry pointed out that Malaysia’s growth rate was still lower compared to Vietnam, the Philippines, and Indonesia.

Vietnam led the way with an impressive 7.9% growth, making it one of the fastest-growing economies in the region. The Philippines followed with 5.5%, while Indonesia posted 5.1%.

That said, Malaysia’s economy is still seen as resilient, supported by the inclusive and balanced MADANI Economy framework.

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