String of forecast downgrades for 2023


PETALING JAYA: At least six bank-backed research firms have lowered their economic growth forecasts for Malaysia this year.

The string of downward revisions was not surprising, especially after Malaysia posted a disappointing gross domestic product (GDP) growth of 2.9% year-on-year (y-o-y) in the second quarter of 2023 (2Q23).

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