0802 GMT - Malaysia's GDP growth is likely to remain resilient despite pronounced impact of U.S. tariffs, UOB economists Julia Goh and Loke Siew Ting say in a note. They expect growth to moderate to 4.5% in 2026 from 4.9% in 2025. Growth should be supported by higher government spending, a civil servants' pay hike, government tourism campaign and continued rollout of government plans, they say. Recent policy measures to support households and small businesses should also help domestic demand, they reckon. While global trade risks persist, supply-chain diversification likely lends support to exports, they add. The latest advance GDP data reaffirms UOB's view that Bank Negara will keep interest rate unchanged at 2.75% throughout 2026. (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
January 16, 2026 03:02 ET (08:02 GMT)
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