KUALA LUMPUR: Bank Negara Malaysia (BNM) is still maintaining its forecast for the country's gross domestic product (GDP) growth this year at between 4.0 per cent and 5.0 per cent, said newly-appointed governor Datuk Abdul Rasheed Ghaffour.
Domestic demand remains resilient and improvements can be seen in the job market, which continue to support consumer spending, he said.
"Lastly, our multi-year infrastructure projects continued to spur economic activity,” he told Bernama in his first exclusive media interview since taking up his current post.Abdul Rasheed, whose five-year term as BNM governor began on July 1, said a fuller picture of Malaysia’s performance for the first half of 2023 would be unveiled in a few weeks when the Department of Statistics releases the second-quarter GDP data.
"In tandem with more subdued global trade activity, as similarly observed in other economies, gross exports are expected to expand modestly at 1.5 per cent in 2023,” it said.
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