It said further recovery in inbound tourism and moderation in import growth would continue to provide support to net export growth. theSun thesundaily BNM GDP globalgrowth Malaysianeconomy
: The Malaysian economy is projected to grow between 4.0 per cent and 5.0 per cent in 2023, supported by firm domestic demand amidst challenges rising from slowing global growth, said Bank Negara Malaysia .
BNM said in tandem with a 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, while gross import would likely slow down to 1.1 per cent in 2023. Sectorial, BNM said most economic sectors are projected to expand at a more moderate pace in 2023 amid the expectation of slower global growth and normalisation from the high growth recorded last year.
“Additionally, further escalation of geopolitical conflicts could dampen Malaysia’s trade performance,” it said.
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