Malaysia’s economic forecast for this year points to a growth rate of approximately 4.8 percent. This projection is largely attributed to a strong resurgence in exports, which significantly offset the negative impact of US tariffs. Bank Negara Malaysia Governor Abdul Rasheed Ghaffour stated that expansion in household spending and sustained investment activity will be key drivers of this anticipated growth. The anticipated growth range for 2025 suggests a potential for exceeding the official forecast of 4 to 4.8 percent. The Malaysian government is actively seeking to mitigate the effects of tariffs through strategic trade negotiations.
Credits: News – South China Morning Post
