Bank Negara Malaysia (BNM) governor Abdul Rasheed Ghaffour said household spending remained underpinned by favourable labour market conditions and a low unemployment rate, alongside targeted policy measures.

He also said that the economy was supported by continued export expansion in electrical and electronics, as well as travel and ICT services.

“We project the economy to grow between 4% and 5% in 2026 despite ongoing geopolitical and trade disruptions,” he said, adding that the outlook remained subject to both upside and downside risks.

Rasheed announced this at the central bank’s headquarters here today. Chief statistician Uzir Mahidin also attended the event.

Rasheed said Malaysia had weathered major challenges in the past and remained well-positioned to navigate current uncertainties.

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