Kenanga Research has upgraded its gross domestic product growth forecast for Malaysia in 2026 to a range of 4.5% to 5.0%, reflecting a more optimistic view of the economy’s trajectory.
The Kuala Lumpur-based brokerage maintained its unemployment rate projection at 2.9% for the same period, suggesting that labor market conditions are expected to remain stable alongside the stronger growth outlook.
0%, Kenanga signals that underlying consumption and investment trends are likely to outpace earlier expectations, even as global headwinds persist.
The revision comes as domestic demand continues to underpin economic activity in Southeast Asia’s fourth-largest economy.
By raising the growth ceiling to 5.0%, Kenanga signals that underlying consumption and investment trends are likely to outpace earlier expectations, even as global headwinds persist.
The steady jobless forecast reinforces the view that the labor market is not yet showing signs of overheating or significant slack.
This update aligns with a broader trend of positive revisions from local analysts.