Malaysia's Economy Minister Datuk Seri Rafizi Ramli expressed confidence that the nation will achieve its 2025 GDP growth target despite global trade war uncertainties. While acknowledging the risks, he highlighted sustained optimism for long-term growth, the strengthening ringgit, and the government's proactive monitoring efforts. The minister emphasized that Malaysia will adapt to the trade war's volatility and leverage its position as a key semiconductor hub in a digital and AI-driven world.
: Malaysia is on track to meet its 2025 gross domestic product growth target despite the risks posed by the tariff war, said Economy Minister Datuk Seri Rafizi Ramli.
However, he said the government is closely monitoring the risks, with the Ministry of Investment, Trade, and Industry responsible for gathering input from all ministries.The minister said the trade war would likely remain a permanent feature of the global economy and that Malaysia would need to navigate around the adjustments and volatility caused by it.
“On that note, I think some of the hypotheses that have resulted in a lot of interest on the Malaysian economy, for the last year or so, have not changed,“ Rafizi told reporters after launching the World Bank report titled “A Fresh Take on Reducing Inequality and Enhancing Mobility in Malaysia” today.
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