Budget 2023: GDP to grow 4.5% in 2023


PETALING JAYA: The Malaysian economy is projected to grow by 4.5% in 2023, even as the World Bank warned about the global economy being “perilously close” to falling into recession this year.

In the first section of the 2023 Economic Report, the Finance Ministry said all economic sectors are expected to remain in the positive growth trajectory in 2023, driven by the services and manufacturing sectors.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Economic Report , GDP

Next In Business News

Capital A seeks Bursa approval for more time to complete proposed distribution
Ringgit retreats on profit-taking but rounds off 2025 on high note vs greenback
Axis-REIT to purchase industrial property in Senai for RM34.6mil
Bursa Malaysia ends final trading day of 2025 on a softer note
LFE unit accepts LOI for data centre works valued at RM11.5mil
Public Mutual declares over RM128mil in distributions for nine funds
NCT Alliance shareholders give nod to NCT World acquisition
Bank Negara announces reappointments to MPC, SAC
BAT Malaysia redesignates Datuk Sri Mohd Nizam Sairi as chairman
Malaysia's Nov headline inflation at 1.4%, core at 2.2%

Others Also Read