Mixed views on next growth path

“Global investors are moving funds into regions where growth stability is tantamount to strong consumption outlook,” said Shan.

PETALING JAYA: Economists are weighing up different opinions on the latest industrial production index (IPI) data for March in terms of the country’s next economic growth path for 2023, which is widely expected to moderate from last year’s high of 8.7%.

The Statistics Department yesterday released the IPI numbers for March and cumulatively for the first quarter of the year (1Q23), which revealed that IPI for the third month of 2023 has grown by 3.1% year-on-year (y-o-y) to 130.6 points, after recording a 3.5% y-o-y increase in February.