Malaysia c.bank maintains 2023 growth forecast amid global slowdown


KUALA LUMPUR: Malaysia's central bank on Wednesday maintained its economic growth forecast for 2023 at 4% to 5%, saying that improved domestic conditions will likely offset risks stemming from a global slowdown and persistent inflation.

The Southeast Asian country's economy has bounced back strongly from a pandemic slump, expanding at a 22-year high of 8.7% in 2022, but its outlook for this year has been clouded by cooling global demand.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

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!
Bank Negara , GDP , forecast , annual report , inflation , outlook

Next In Business News

Shares retreat as techs extend losses, US strikes on Iran lift oil
FBM KLCI falls as high US inflation data weighs on sentiment
Trading ideas: Rohas, OGX, ISF, Gamuda, Dayang, Ann Joo, ABMB, Maybank, Tune, Amway, Scientex
Rohas wins RM42mil TNB deal
M’sia risks missing deficit goals on subsidy pressures
Tanco rout erases RM7.7bil in market value
Rising energy costs pressure tech sector
Amway Malaysia appoints Leng Kek Mun as MD
Ringgit’s RM306bil hidden tailwind?
Pentech upbeat on prospects amid digitalisation push

Others Also Read