Bank Negara maintains 2023 growth forecast amid global slowdown

Business

Published on 29 Mar 2023 9:50:12 PM

Bank Negara Malaysia (BNM) maintained its economic growth forecast for 2023 at 4% to 5%, saying that improved domestic conditions will likely offset risks stemming from a global slowdown and persistent inflation.

Bank Negara governor Tan Sri Nor Shamsiah Mohd Yunus on Wednesday (March 29) said Bank Negara risks to Malaysia's economy remain "fairly balanced", with the country expected to benefit from firm domestic demand, China's reopening, resilient labour markets, and a recovery in tourism.

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Keywords
malaysia, gdp, forecast, annual report, inflation, bank negara malaysia, financial market, monetary policy, nor shamsiah yunus, economy

Keywords:
malaysia, gdp, forecast, annual report, inflation, bank negara malaysia, financial market, monetary policy, nor shamsiah yunus, economy