Moody’s: Asia-Pacific likely to avoid recession

For Malaysia, Moody's said the economy would start to slow in 2023 after an exceptional run in 2022.

PETALING JAYA: The Asia-Pacific economy should avoid a recession in 2023 as recoveries continue among domestic economies around the region, according to Moody’s Analytics.

It said the region’s economy in the aggregate would accelerate from 3.2% this year to 3.5% in 2023, although this is only because the largest economy in the region – China – will rebound in the second half of 2023 as it begins to work through the multiple challenges that it faces.