Allianz: Malaysia's inflation likely to trend at 2.9% in 2025

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KUALA LUMPUR: Malaysia’s inflation is likely to trend at 2.3 per cent in 2024 and 2.9 per cent in 2025, compared to Bank Negara Malaysia’s (BNM) forecast of between 2 per cent and 3.5 per cent for 2024, Allianz SE chief economist Ludovic Subran said.

"China is expected to add more than US$2 billion (RM8.69 billion) in exports as part of its stimulus package to reinvigorate its economy and ease its real estate crisis.

His estimates for 2025 are rather conservative given the lower public infrastructure spend along with lower retail and manufacturing sales compared to pre-pandemic levels.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaChinaSingapore

Topics: Allianz BNM Inflation Asia Pacific Economic Outlook 2024 Economy /Business/Business News Ludovic Subran

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 19:47:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 662 words

Reading Time: 4 minutes read

Sentences: 25 lines

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Copyright Owner: © The Star

News ID: 23223468

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