Malaysia’s GDP is slower but still robust

Five brokerages polled by StarBiz put Malaysia's gross domestic product growth by at least 5% during the first quarter of 2023, higher than the Bloomberg consensus estimate of 4.8%.

PETALING JAYA: Despite a decelerating trend, Malaysia’s economy is expected to have remained robust for the first three months of this year, supported by resilient domestic spending.

According to the five brokerages polled by StarBiz, gross domestic product (GDP) have likely grown by at least 5% during the first quarter of 2023 (1Q23), higher than the Bloomberg consensus estimate of 4.8%.