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).

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

T7 Global unit secures contract for provision of HUC services
Berjaya Construction to undertake design-and-build for Sanglang Port project
FBM KLCI subsides as US rate decision looms
StanChart lifts full-year targets after quarterly profit jump trounces forecasts
Fitch sees Malaysia's Islamic finance topping US$800bil, growth to continue
Ringgit opens higher against US$ for eight consecutive trading days
Australian inflation runs hot in Q3, adds to rate hike risk
FBM KLCI extends recovery on AI rally
SK Hynix unveils shareholder return plan worth US$75bil after posting 7-fold jump in Q3 profit
Global airlines incur US$24.5bil in payment costs in 2025 - IATA

Air Pollutant Index

Note: API is calculated based on 24hr running average of the most dominant parameter.

Highest API Readings

    Select State and Location to view the latest API reading

    Others Also Read