CGS-CIMB maintains 2022 GDP forecast at 5.6% y-o-y

KUALA LUMPUR: CGS-CIMB is maintaining its 2022 growth forecast for Malaysia’s gross domestic product (GDP) at 5.6 per cent year-on-year (y-o-y).

"Our forecast is intact despite Bank Negara Malaysia’s (BNM) latest downward revision of its 2022 GDP growth forecast to between 5.3 per cent and 6.3 per cent from 5.5-6.5 per cent previously,” it said in a research note today.