Global challenges: Malaysia’s industries must ‘go big or go home’

Despite current challenges this year, the Government remains optimistic that Malaysia will meet our GDP growth projection of between 4% and 5%.

THE first half of 2023 (1H23) saw Malaysia’s economy chalking many positive indicators, including the 5.6% growth in the first quarter of this year (1Q23), which topped forecasts and made Malaysia remain ahead of many regional peers.

In that period, Malaysia also attracted RM71.4bil in approved investments, up by 60% year-on-year. Inflation was at 2.8% in May 2023, the lowest in a year.