Can Malaysia still hit its 2025 GDP target amidst global slowdown?

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Malaysia Remains on Track for 2025 GDP Growth Target Despite Global Slowdown

Malaysia is projected to achieve its gross domestic product (GDP) growth target of four to five per cent in 2025, with the country's economic outlook remaining positive despite a slowdown in global trade. Investment, Trade and Industry Minister Datuk Seri Tengku Zafrul Abdul Aziz indicated that while some trade activity may have been concentrated earlier in the year, the momentum is expected to persist.
Positive Growth Outlook Maintained

Despite observable signs of a global trade slowdown, Malaysia's economic trajectory remains favourable for achieving its intended GDP growth. Tengku Zafrul has affirmed that the targeted growth rate of four to five per cent for 2025 is still considered attainable, suggesting underlying economic resilience.
Trade Momentum Expected to Continue

While a portion of trade activity might have occurred earlier in the year, there is an expectation that this momentum will be sustained through the coming months. The release of the latest trade statistics for June is anticipated, which will provide further insight into the country's trade performance.
Progress in US Tariff Negotiations

Discussions between Malaysia and the United States concerning tariffs are advancing, with both nations actively reviewing tariff and non-tariff measures. There is potential for tariff reductions below 10 per cent in specific sectors, notably the pharmaceutical and semiconductor industries, indicating a willingness to adjust trade policies.
Addressing Foreign Ownership Concerns

The United States has brought forward concerns regarding foreign ownership limitations within key Malaysian sectors. Malaysia is currently in the process of consulting with the relevant industries to evaluate the feasibility of making changes to these policies. However, it has been stated that Malaysia will not accept all proposals, as some requests are deemed to be unfair to the nation's interests.

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Can Malaysia still hit its 2025 GDP target amidst global slowdown?

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