Malaysia’s growth misses forecasts even before Trump tariffs hit

Free Malaysia Today

The disappointing data comes as policymakers review the official 4.5%-5.5% growth forecast for 2025 on uncertainty over global trade.  Read More: https://www.freemalaysiatoday.com/category/highlight/2025/04/18/malaysias-growth-misses-forecasts-even-before-trump-tariffs-hit  Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #FMTBusiness #Policymakers #Tariffs #GlobalTrade

Transcript

00:00Malaysia's economy expanded at a slower than expected pace in Q1, dragged down by weaker

00:07growth in manufacturing and construction even before the US announced plans for punishing

00:12tariffs. Gross domestic product rose 4.4 percent in the January-March period from a year earlier,

00:19according to advanced estimates from the statistics department, which is below the 4.8

00:23percent median estimate in a Bloomberg News survey. This marks a third straight quarter

00:29of slower growth. The mining and quarrying sector shrank 4.9 percent as production fell.

00:35The data comes as policymakers review the official 4.5 percent to 5.5 percent growth forecast for 2025

00:43on uncertainty over global trade. The services industry remained the main driver of growth in Q1,

00:50expanding by 5.2 percent. However, the pace of this growth was also slower than in the previous quarter.

00:57Malaysia was hit with a 24 percent U.S. import tariff before President Donald Trump

01:02temporarily paired it back to 10 percent for 90 days while hiking levies for China.

Category

Transcript

Recommended