KUALA LUMPUR, Sept. 23 (Xinhua) -- The Asian Development Bank (ADB) has raised Malaysia's economic growth forecast for 2026 to 4.9 percent from 4.6 percent previously, the bank said on Wednesday.
The bank has also raised Malaysia's growth projection for 2027 to 4.7 percent from 4.5 percent, according to its latest outlook report.
"Malaysia's forecast rises as the semiconductor upcycle and data center investment reinforce consumption and construction," ADB said.
Stronger-than-expected performance in the first half of 2026 has slightly improved the outlook for developing Southeast Asia, with the 2026 and 2027 forecasts now at 4.7 percent and 4.9 percent, up from 4.6 percent and 4.8 percent, respectively, said ADB. ■