SERC expects Malaysia's GDP to grow 4.5% this year

KUALA LUMPUR: Malaysia’s gross domestic product (GDP) is expected to grow by between four per cent and five per cent in the second half of 2023 (2H 2023) and by 4.5 per cent for the full year, said the Socio-Economic Research Centre (SERC).

Executive director Lee Heng Guie said consumer demand would continue to be the key driver for the economy in the remaining months of this year, although the robust spending observed last year might not repeat.