Stabilising period in the Year of the Rabbit

PETALING JAYA: The year of the Rabbit would be a stabilising period that could see Malaysia’s gross domestic product (GDP) growth moderate from the expected 8.4% for 2022 to 4% in 2023, although the latter figure may still be considered a “robust” expansion rate, according to HSBC’s Global Research Economics team.

The team said Malaysia has been a clear regional outperformer in a turbulent 2022, experiencing a GDP year-on-year (y-o-y) growth of 14.2% for the first nine months of last year, making it Asean’s top performer for the second consecutive quarter in the third quarter of 2022 (3Q22).