Lower producer prices signals slower growth

ECONOMIC growth has been slowing since peaking at 5.9% year-on-year (y-o-y) in the second quarter of 2024 (2Q24).

Although the government estimates annual gross domestic product (GDP) growth at 4.5% to 5.5% this year, Bank Negara governor Datuk Seri Abdul Rasheed Ghaffour has indicated a potential downward adjustment due to US tariffs.