Growth to moderate

PETALING JAYA: Economic experts remain cautious about Malaysia’s gross domestic product (GDP) growth prospects for the subsequent quarters of 2023, in spite of the better-than-expected showing for the first three months (1Q23) that saw the country post a 5.6% expansion rate.

While staying firm in their belief that domestic consumption would remain robust, carrying on as Malaysia’s main economic driver which is in line with Bank Negara’s projections, they largely opined that GDP could ease over a combination of both local and external factors.