KUALA LUMPUR: Bank Negara Malaysia, which has already downgraded its economic growth outlook for this year amid an escalating trade war, sees a partial offset as companies shift operations from China to sidestep higher US tariffs.
Like Vietnam, Malaysia is emerging as one of the key beneficiaries from the trade conflict given its manufacturing capability and open economy. Overall, the trade war and a global slowdown remain a drag on Malaysia’s export-reliant economy, with analysts expecting growth to slow to 4.5% in 2019, which would be the weakest pace in three years.
She replaced Muhammad Ibrahim in the top job after he faced questions about the central bank’s role in a deal linked to 1MDB.
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