India, May 16 -- Malaysia's economic growth slowed to the weakest in a year in the first quarter, as estimated, and the economy is projected to log weaker growth this year than the official estimate due to trade tensions.
Gross domestic product advanced 4.4 percent on a yearly basis in the first quarter, slower than the revised 4.9 percent growth posted in the fourth quarter, data from the Bank Negara Malaysia revealed Friday.
The first quarter figure came in line with the advance estimate published on April 18 and also hit the lowest rate since the first quarter of 2024.
Bank Negara Malaysia Governor Abdul Rasheed Ghaffour said Malaysia's economic is expected to be slightly lower than the earlier forecast of 4.5 percent - 5.5 percent in...