Malaysia's GDP Growth to Be Revised, Singapore's Trade Performance in Focus

Malaysia's second-quarter GDP data is expected to confirm 4.5% growth, supported by domestic demand and services sector strength. However, trade-related risks are mounting after former US President Donald Trump proposed a 100% tariff on semiconductor imports, potentially affecting Malaysia's chip exports and market share in the US. Singapore will release its final second-quarter GDP and trade data, which is expected to confirm modest growth and provide insight into the country's export-reliant economy navigating global uncertainty.

Malaysia is set to release its revised second-quarter GDP data on Friday, with analysts expecting growth to match the advance estimate of 4.5%, bolstered by resilient domestic demand and strength in the services sector [1]. However, trade-related risks are looming as former U.S. President Donald Trump has proposed a 100% tariff on semiconductor imports, which could significantly impact Malaysia's chip exports and market share in the U.S. Trade Minister Zafrul Aziz is seeking clarification on whether Malaysia's chip exports will be affected, with current shipments exempt but under review [1].

Singapore will release its final second-quarter GDP and trade performance data on Tuesday. DBS economists anticipate the revised figures to confirm modest growth, helping the economy avoid a technical recession. The quarter is expected to have been supported by front-loaded exports, with trade data offering further insights into how the export-reliant economy is navigating global uncertainty [2].

References:
[1] https://www.marketscreener.com/news/week-ahead-for-fx-bonds-u-s-inflation-china-2-ce7c5eddd98af22c
[2] https://www.marketscreener.com/news/week-ahead-for-fx-bonds-u-s-inflation-china-2-ce7c5ed2db89ff23