Malaysia's 2022 GDP Excites But What's In Store For 2023?

Woon Khai Jhek, Head of Economic Research & Senior Economist, RAM Ratings

13-Feb-23 07:45

Malaysia's 2022 GDP Excites But What's In Store For 2023?

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Malaysia’s GDP in 2022 recorded the highest annual growth rate in more than 2 decades at 8.7%, which was higher than the median estimate of 8.6% in a Bloomberg survey. As for the last quarter of the year, the economy expanded by 7% y-o-y. The services sector recorded the highest growth in 2022 at 10.9%. Can Malaysia be shielded from a challenging global environment and what growth can we expect for 2023? For answers we speak to Woon Khai Jhek, Head of Economic Research and Senior Economist at RAM Ratings.

Image credit: Shutterstock

Produced by: Moh Heng Ying

Presented by: Wong Shou Ning, Philip See, Chong Tjen San

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Categories: economy, government

Tags: malaysia gdp, post pandemic recovery, gdp growth projection,

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