A Goldilocks Economy That Needs To Heat Up

Julia Goh, Senior Economist, UOB

21-Aug-23 07:45

A Goldilocks Economy That Needs To Heat Up

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Malaysia’s GDP growth unexpectedly fell to 2.9% in the second quarter of 2023, in contrast to the 5.6% growth for the first quarter of the year. External trade has also declined and despite headwinds from slower global growth, Bank Negara reaffirms that domestic demand will remain resilient. We speak to Julia Goh, Senior Economist at UOB to get an analysis on Malaysia’s economic health, the outlook for the rest of 2023 and whether BNM will increase the OPR in the next MPC.

Image Credit: Shutterstock

Produced by: Yeong Yeng Yee

Presented by: Wong Shou Ning, Philip See, Mark Tan

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Categories: economy, markets

Tags: malaysia gdp, ringgit malaysia, external trade,

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