Domestic activities, external demand to continue supporting Malaysia's firm economic recovery

KUALA LUMPUR: Malaysia’s economy is firmly on a recovery path supported by domestic activities and positive external demand.

The economy is expected to grow steadily in 2022 and 2023 despite continuing challenges from rising cost pressures, the Russia-Ukraine military conflict and China’s strict containment measures of COVID-19, said Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah Mohd Yunus.