Upbeat GDP forecast

A production line of an electronics company in the northern province of Thái Nguyên. Strong export is among main drivers for Vietnam's GDP growth in 2022. — VNA/VNS

MALAYSIA has managed to record economic growth of 3.1% in 2021 despite it being a challenging year.

This year appears to be more promising with the gross domestic product (GDP) projected to grow between 5.3% and 6.3%, according to Bank Negara.

It will be supported by several factors including the continued expansion in external demand underpinned by the tech upcycle, international border reopening, improvement in the labour market and continued access to targeted policy measures.

Inflation is likely to hover between 2.2% and 3.2% in 2022 while the unemployment rate is expected to improve to 4%. The current account balance is seen at between 4.2% and 4.7% of GDP this year.


Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

GDP , Bank Negara , account balance


Next In Business News

Sunway Dora achieves 89% take-up rate
SC expects capital market to stabilise in 2H23
Govt to complete subsidised diesel control system draft by 2H23: Ahmad Maslan
Infomina bags RM23.9mil purchase order from Philippines National Bank
Asian FX tumbles after turmoil in global banking system returns
Vietnam's VPBank completes US$1.5bil stake sale to Japan's Sumitomo Mitsui
Sundra Rajoo returns to helms AIAC
First Citizens to buy Silicon Valley Bank, FDIC says
Bursa Malaysia enhances Main Market listing requirements
SC continuously searching for ways to address adequacy of retirement savings

Others Also Read