Analysis: Despite ongoing energy disruptions, Malaysia's economic growth is expected to remain optimistic

Although the growth momentum may have slowed compared to the previous quarter, the continued expansion of the services, manufacturing, agriculture, and construction sectors is expected to support growth in the first quarter. Despite risks of global energy supply disruptions, analysts remain cautiously optimistic about Malaysia's economic resilience. This optimism is attributed to its status as a net exporter of oil and natural gas, trade ties with major oil-producing countries, exposure to the global technology upcycle, and supportive fiscal measures. Hong Leong maintains its forecast of 4.5% GDP growth for 2026.