BNM cuts growth forecast due to tariff uncertainty
However, Malaysia’s central bank says economy is on “strong footing” amid threat of 25% US levy
Malaysia’s central bank cut its growth forecasts today (July 28), citing the effect of tariff-related uncertainties on the global economy.
Bank Negara Malaysia (BNM) said the country’s economy was projected to grow by 4.0–4.8% this year, down from its previous forecast in March of 4.5–5.5%. “The updated growth projections account for various tariff scenarios, ranging from a continued elevation of tariffs to more favourable trade negotiation outcomes,” the bank said.
The BNM said geopolitical
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