S&P Global expects Malaysia's economy to grow at 3.2% in 2023

KUALA LUMPUR: Malaysia's economic growth is expected to ease to 3.2 per cent this year, following the strong growth of 8.7 per cent in 2022, said S&P Global Ratings (S&P).

Its Asia-Pacific economist, Vishrut Rana said the downtrend reflects external weaknesses as the global trade and electronics industry cycle softens this year, after two years of strong growth and activity.