KUALA LUMPUR: German companies in Malaysia have expressed an optimistic outlook for 2025, reflecting positive sentiments about both the current situation and prospects, according to the AHK World Business Outlook Fall 2024 survey.
In a statement today, the Malaysian-German Chamber of Commerce and Industry (MGCC), or AHK Malaysia as it is known in Germany, said the survey, conducted with 111 members from MGCC, highlighted key insights reflecting the resilience and growth expectations of German businesses operating in Malaysia.
"Overall, the findings of this survey illustrate a strong confidence among companies in Malaysia, highlighting a positive trajectory for business development and economic growth in the coming year," it said.
MGCC executive director Jan Noether said German companies are comfortable and committed to the Malaysian market, with a clear outlook for continued success and expansion in the year ahead.
"The strong sentiment and optimism reflected in the survey highlight the positive situation we are experiencing here and underscore our confidence in Malaysia's economic stability and growth prospects.
"Moreover, Malaysia's stable economic environment and supportive policies play a key role in stimulating further investment, reinforcing our belief in the country as a reliable and attractive hub for business growth," he said.
According to the survey, 92 per cent of German businesses in Malaysia reported conditions as "good or satisfactory" which marks a significant increase of 10 per cent compared to the same period last year.
The strong economic development and confidence among German businesses in Malaysia are expected to continue into next year, with 97 per cent of respondents describing the outlook for 2025 as favourable or stable, it said.
"While Malaysia has always been recognised for its strong economic foundation, this year's results demonstrate a significant boost in confidence, surpassing expectations from last year's outlook and highlighting the continued resilience of Malaysia's economy.
"Reflecting this confidence, over 63 per cent of companies expect positive business development over the next 12 months, while 35 per cent anticipate the current stability will be maintained," it noted, adding that only 1.8 per cent predict a decline in performance, showcasing a predominantly positive outlook for the year ahead.