KUALA LUMPUR: Public Investment Bank Bhd (PIVB) has maintained its 2026 gross domestic product growth forecast at 4.6 per cent year-on-year (y-o-y), with domestic demand still anchoring the expansion.
The investment bank said the first quarter of 2026 (1Q 2026) outturn remains consistent with its view, although momentum has clearly normalised, with GDP easing to 5.4 per cent y-o-y from 6.2 per cent y-o-y in 4Q 2025 and turning broadly flat on a seasonally quarter-on-quarter basis.
"This is not yet a break in the growth cycle, but the buffer against external shocks has thinned,” it said in a note.
Last Friday, Bank Negara Malaysia (BNM) announced that Malaysia’s economy expanded by 5.4 per cent y-o-y in 1Q 2026, with the underlying growth mix remaining largely constructive and domestically anchored.
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