Bank Negara Malaysia has revised its GDP growth forecast for 2025, lowering it to 4.0–4.8%. This decision is driven by global economic uncertainties, particularly changes in US trade policies.
Reduction of GDP Forecast for 2025
Bank Negara Malaysia (BNM) has reduced its GDP growth forecast for 2025 from 4.5–5.5% to 4.0–4.8%. This adjustment is attributed to global economic uncertainties and the influence of US trade policies.
Global Uncertainties Cited
Concerns regarding trade tariffs and US policy have prompted the revision of the economic forecast. Bank Negara Malaysia, under the leadership of Governor Dato’ Sri Abdul Rasheed Ghaffour, noted that current circumstances necessitate special measures to ensure stability.
Malaysia's Economic Policies
Malaysia's economic policies will focus on maintaining resilience amid global challenges. The Governor emphasized that "the Malaysian economy remains resilient despite global uncertainties..." This underscores the importance of structural reforms to enhance competitiveness.
The revision of the GDP forecast by Bank Negara Malaysia highlights significant economic challenges facing the country. The resilience of the economy will depend on the successful implementation of necessary reforms and responses to external economic factors.
