Economist expects moderate growth of 4.7% for Malaysia's 2023 GDP

KUALA LUMPUR: Malaysia’s economy is expected to grow at a moderate pace of 4.7 per cent this year amidst a gradual decline in inflation, softening monetary policy and subpar commodity prices, an economist said.

Nonetheless, ANZ Bank chief economist (Southeast Asia and India), Sanjay Mathur projected the gross domestic product (GDP) growth to remain quite respectable as 2022 was a very strong year for Malaysia following the reopening of its borders, alongside many other positive developments.