Moderate growth expected in 4Q23

AmBank Group Research said it anticipates net exports will be the biggest drag on Malaysia’s growth in the fourth quarter.

KUALA LUMPUR: Continued softness in the upcoming gross domestic product (GDP) numbers for the fourth quarter of 2023 (4Q23) is to be expected, given the sluggish export sector and ongoing economic slowdown in China, say economists.

They have also revised their GDP expectations lower given such a situation, but are quick to note that continued positive numbers in the labour and private consumption will help to support the economy.