Domestic Demand To Buffer Malaysia's Economy Against External Uncertainties -- BNM Governor

KUALA LUMPUR, March 24 (Bernama) -- Strong domestic demand will continue to buffer Malaysia's economy against external uncertainties including possible repercussions from the imposition of U.S. tariffs.

"We are in a position of strength. We have a very strong domestic demand and this will continue to support growth," Bank Negara Malaysia (BNM) governor, Datuk Seri Abdul Rasheed Ghaffour told reporters after the release of BNM's flagship reports here today.

He said that private consumption would be anchored by higher income prospects, improving labour market conditions as well as healthy household balance sheets providing buffers to the economy. 

Private investment led by investment upcycles and high realisation rates of approved investments would also boost domestic economic growth, he said. 

-- BERNAMA