MALAYSIA's economy is expected to grow by 4% to 5% in 2023 after posting a growth rate of between 6.5% and 7% this year.
"Despite a softening world economic growth and trade activities, the economy is projected to grow between 4% and 5% in 2023, supported by steady domestic demand, a vibrant services sector, implementation of new and ongoing high multiplier infrastructure projects and sustained exports. The government will continue to monitor global developments as well as implement appropriate policies and reform initiatives to strengthen the economy and fiscal position to withstand potential external shocks, improve people's livelihoods and enhance business resilience," said the Economic Outlook for 2023.
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