World Bank: Malaysia's economy to grow at moderate pace of 4.0 per cent this year

Business

Published on 3 Feb 2023 3:59:24 PM

Malaysia’s economy is projected to grow at a more moderate pace of 4.0 per cent this year, with domestic private sector spending is expected to be the main driver of growth amid an expected slowdown in external demand.

The report also stated that global growth is forecast to decelerate sharply to 1.7 per cent this year, from 2.9 per cent estimated for 2022, reflecting the synchronous policy tightening, worsening financial conditions and continued disruptions from the Russia-Ukraine conflict.

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Keywords
malaysia, economy, private sector, spending, global economy, economic growth, russia-ukraine conflict, news, business news, world bank, malaysia economic monitor

Keywords:
malaysia, economy, private sector, spending, global economy, economic growth, russia-ukraine conflict, news, business news, world bank, malaysia economic monitor