KUALA LUMPUR: Malaysia is unlikely to achieve its Gross Domestic Product (GDP) growth forecast target due to the current economic uncertainty, says Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.
"There is a huge possibility that we will miss the projection," he said while winding up debates on the tariffs imposed by the United States during the Dewan Rakyat's special sitting on Monday (May 5).
Malaysia's GDP growth projection for 2025 was 4.5%-5.5%.
He said Putrajaya would not wait until Budget 2026 is tabled to make revisions to the forecast.
"The global economic landscape is very dynamic at this time due to the uncertainties stemming from the US tariff policy, which has been constantly changing," he said.
He said the Finance Ministry and Bank Negara would monitor developments and evaluate impact of the US tariffs on the Malaysian economy.
"The GDP forecast will be reviewed once there is clarity on the new US government's policy and the outcome of the bilateral tariff negotiation," he added.
The International Monetary Fund (IMF) has also cut Malaysia's GDP growth projection for 2025 to 4.1% from its January 2025 estimate of 4.7%.
This was in line with the broader reduction in regional projections.
