Malaysia will not face stagflation but must embrace structural reforms - Bank Negara governor

KUALA LUMPUR: Malaysia will not face stagflation despite rising global inflation, with 2022 GDP growth expected to range between 5.5 per cent and 6.5 per cent.

However, Malaysia must embrace structural reforms to foster dynamism, seize emerging growth opportunities and secure a more durable post-pandemic economic recovery, according to Bank Negara Malaysia (BNM) governor Datuk Nor Shamsiah Mohd Yunus.