Malaysia’s growth could slow by up to 1.2 percentage points due to US tariffs: trade ministry

[KUALA LUMPUR] Malaysia’s economic growth is projected to slow by approximately 0.6 to 1.2 percentage points this year due to US tariffs, the country’s trade ministry said, citing preliminary analysis of their impact.

For 2026, GDP growth was expected to slow slightly compared to 2025, as the impact of the tariffs will be felt throughout the year, the ministry said in a written parliamentary reply on Monday.

Last month, Malaysia lowered its growth forecast for 2025 to a range of 4 per cent to 4.8 per cent, down from 4.5 per cent to 5.5 per cent. REUTERS