Amir Hamzah: Malaysia confident of exceeding 5pc GDP growth in 2026 as strong economy benefits the people
KUALA LUMPUR, Oct 29 — The government is confident that economic growth will exceed 5.0 per cent this year, markin...
The Malaysian government expressed confidence that the economy will surpass a 5% growth rate in 2026, marking the third consecutive year of growth above 5.0% under the Madani Government. Finance Minister II, Amir Hamzah Azizan, highlighted that the GDP expanded by 6.0% in the second quarter of 2026, projecting overall growth for the year between 4.8 and 5.3%.
The Department of Statistics Malaysia (DOSM) estimated a 5.3% growth in the third quarter of 2026, driven by strong performances across all sectors, except mining and quarrying. Cumulatively, the economy grew by 5.5% in the first three quarters of 2026, outpacing the 4.8% growth recorded in the same period of 2025. Amir Hamzah projected growth for 2027 to be between 4.2 and 5.2%, with a low unemployment rate of 2.9% in August.
The country's resilience is evident through the highest levels of approved investments and trade, and an improved competitiveness ranking. The Madani Economy framework aims to develop high-value sectors, harness technology, create better jobs, and bolster the nation's well-being, all while maintaining good governance, unity, and preservation of national treasures.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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