Moody’s optimistic on country’s GDP

PETALING JAYA: While Moody’s Investors Service has forecast an economic growth of 6% for Malaysia in 2022, there remain downside risks from the Russia-Ukraine war, high inflation, new Covid-19 variants as well as lockdowns in China.

Nishad Majmudar, who is assistant vice-president and analyst (sovereign risk group and credit strategy and research) at Moody’s said besides the war, any potential surge in inflation would cause Malaysia to react in terms of policy rate normalisation.