No recession risk for Malaysia, says BNM governor | TheStarTV.com

No recession risk for Malaysia, says BNM governor

Published on 12 May 2023 11:20:10 PM

Bank Negara Malaysia’s (BNM) announcement that the Malaysian economy is no longer in crisis and continues to gain strength is a big lift to sentiment three years since the outbreak of the Covid-19 pandemic.

BNM governor Tan Sri Nor Shamsiah Mohd Yunus said that when announcing the first quarter (1Q) 2023 Economic Performance on Friday (May 12) , that the country recorded an impressive 5.6 per cent gross domestic product (GDP) growth in the first quarter (1Q 2023), fuelled by domestic demand, strong growth in the labour market and continued expansion in wages that supported consumption spending.

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Keywords
news, malaysia, economy, pandemic, covid-19, gdp, labour market, wages, consumption spending

Bank Negara Malaysia’s (BNM) announcement that the Malaysian economy is no longer in crisis and continues to gain strength is a big lift to sentiment three years since the outbreak of the Covid-19 pandemic.

BNM governor Tan Sri Nor Shamsiah Mohd Yunus said that when announcing the first quarter (1Q) 2023 Economic Performance on Friday (May 12) , that the country recorded an impressive 5.6 per cent gross domestic product (GDP) growth in the first quarter (1Q 2023), fuelled by domestic demand, strong growth in the labour market and continued expansion in wages that supported consumption spending.

Read more at https://bit.ly/3nVKI4l

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords:
news, malaysia, economy, pandemic, covid-19, gdp, labour market, wages, consumption spending

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