Trade war may cut Malaysia's GDP

CIMB Group is the fifth largest banking group in Asean (by assets), with an extensive regional footprint and a commendable universal-banking franchise.

KUALA LUMPUR: Malaysia’s gross domestic product (GDP) growth rate could be cut by 1.3% over the next two years, if the trade war between the United States and China continues to escalate and eventually leads into a global financial shock.

CIMB Group chief economist Donald Hanna, who warned that the worst is yet to come, pointed out that the worsening trade hostilities would be detrimental to the region and global growth in the longer run.