Economic growth forecast cut to 2.3% amid falling mining revenue

The government has cut its 2026 economic growth forecast to 2.3% from 3.1% following weaker-than-expected first-half performance, the Minister of Finance, Ericah Shafudah, said Thursday. Presenting the 2026/2027 mid-year budget review in Parliament, Shafudah projected growth of 2.6% in 2027, 3% in 2028 and 3.3% in…