In 4Q 2021, the Malaysian economy grew at a rate of 3.6% (cf. 3Q 2021: -4.5%). All economic sectors improved, with the services and manufacturing industries leading the way.
Domestic demand improved as the Governmental continued to support the labour market and external global demand.
Core inflation increased marginally, averaging 0.8% during the quarter (cf. 3Q 2021: 0.7%).
The Malaysian economy is expected to continue to improve in 2022. Bank Negara has projected 2022 GDP growth at 5.5% to 6.5%.
