Bank Negara Malaysia has announced a downward revision of its GDP growth forecast for 2025 to 4.0%-4.8% amid global economic uncertainties.
Reduction of Malaysia's GDP Forecast
Bank Negara Malaysia (BNM) has lowered its GDP growth forecast for 2025 to a range of 4.0%-4.8%, down from the previous estimate of 4.5%-5.5%. This decision comes as the country faces uncertainties in global markets and is linked to the tariff policies of the United States.
Economic Resilience and Structural Reforms
Governor of BNM, Datuk Seri Abdul Rasheed Ghaffour, pointed out that economic resilience and moderate inflation provide a supportive environment for pursuing structural reforms aimed at enhancing competitiveness. Previous growth expectations have been influenced by external market conditions.
Impact on Financial Sectors and Cryptocurrencies
Despite the lowered forecast, no direct changes to cryptocurrency markets or on-chain data were reported. However, the fintech and digital assets sectors in Southeast Asia may experience indirect effects through supply chain changes. The historical context indicates that similar trade tensions witnessed in 2018-2019 prompted financial sectors to adapt and consider diversification strategies.
The reduction in the GDP growth forecast highlights Malaysia's economic vulnerability to international trade dynamics. Bank Negara Malaysia aims to balance moderate inflation with sustainable economic policies to mitigate potential shocks.
