KUALA LUMPUR, Aug 21 — Moody’s Analytics reckons that the 4 per cent growth forecast for Malaysia in 2023 is reasonable for countries in the region although this will be at the...
KUALA LUMPUR, Aug 21 — Moody’s Analytics reckons that the 4 per cent growth forecast for Malaysia in 2023 is reasonable for countries in the region although this will be at the lower end of Bank Negara Malaysia’s estimated range.
It believes the strength in the domestic market would be able to partially offset the slowing global growth which is set to weigh on export demand. Meanwhile, Public Investment Bank Bhd retained its full-year 2023 GDP growth projection of 4.3 per cent. Domestically, recent months have seen pivotal indicators including the Industrial Production Index, crude palm oil output and the Distributive Trade Index display signs of further moderation.
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