Malaysia Sees Trade Diversion Cushioning Impact of Tariff Wars (Bloomberg)

Malaysia’s central bank, 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 U.S. tariffs.

In her first formal interview with the international media since she took office almost a year ago, Governor Nor Shamsiah Mohd Yunus said the trade diversion could add about 10 basis points to this year’s growth rate. READ MORE

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