Southeast Asia Reports Q4 Economic Growth Surge

Malaysia's economy expanded by 5% in Q4 2024, above the forecast of 4.8%, driven by domestic demand and strong investment, but hampered by lower oil palm and oil production. Singapore's GDP grew by 5% in the same quarter, exceeding initial estimates of 4.3% and marking a significant rise from the previous year's 1.8% growth, with robust performance in manufacturing, wholesale trade, and finance sectors. The Singapore Ministry of Trade and Industry maintains a GDP growth forecast of 1-3% for 2025, highlighting ongoing global uncertainties and trade frictions. Thailand's economy is expected to have grown at its fastest pace in over two years in the last quarter, driven by a surge in tourism and exports despite weak domestic demand. Overall, Southeast Asian economies are displaying resilience and recovery, albeit with varying sectoral performances and external pressures.