Positive GDP growth for 2023

The Petronas Twin Towers illuminate the Kuala Lumpur skyline. — AP

MALAYSIA’S economy is expected to grow by 4% to 5% in 2023 after posting a growth rate of between 6.5% and 7% this year.

“Despite a softening world economic growth and trade activities, the economy is projected to grow between 4% and 5% in 2023, supported by steady domestic demand, a vibrant services sector, implementation of new and ongoing high multiplier infrastructure projects and sustained exports.