Malaysian economy likely to grow 4% in 2023, 4-5% in 2024: Central bank

Governor of the Bank Negara Malaysia (BNM) Abdul Rasheed Ghaffour has expressed belief that the Malaysian economy will expand by 4% this year and 4-5% next year, after reviewing the strong indicators of the economy. Speaking to the press on November 17 after a meeting to announce the country's GDP in Q3, Rasheed said Malaysia's economic fundamentals remain strong and supportive of growth moving forward, adding that GDP had exceeded pre-pandemic levels. The Malaysian economy expanded by 3.3% from a year earlier in the July-September period, according to data from the BNM - the central bank, higher than the figure of 2.9% in the second quarter, driven by strong domestic spending He downplayed concerns about the ringgit currency, which has fallen around 6% against the US dollar this year, saying that it did not reflect strength in the economy./. Source: Vietnam News Agency

  • admin

    Related Posts

    First ladies of Vietnam, Guinea-Bissau join tea party

    Mdm Ngo Phuong Ly, spouse of Party General Secretary and President To Lam, introduced the Vietnamese tea culture to Mdm Dinisia dos Reis Embaló, spouse of the visiting Guinea-Bissau President…

    Top leader hosts banquet in honour of Guinea-Bissau President

    General Secretary of the Communist Party of Vietnam Central Committee and State President To Lam and his spouse hosted a banquet in honour of Guinea-Bissau President Umaro Sissoco Embaló and…