Malaysia’s 2023 GDP growth estimated at 3.8%, missing forecast due to weak exports
[KUALA LUMPUR] Malaysia’s economic growth in 2023 is estimated to have expanded at a slower-than-expected pace due to lower exports.
The country’s gross domestic product (GDP) is projected to have grown by 3.4 per cent in the fourth quarter last year, with full-year growth expected to be 3.8 per cent, according to advance estimates released by the Department of Statistics Malaysia (DOSM) on Friday (Jan 19).
The advance quarterly GDP figures by DOSM, which were compiled based on partial information and surveys, aimed to provide early indications of economic performance.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Asean
Malaysia’s Q1 GDP growth beats forecasts at 4.2% amid declining exports
Vietnam forfeits billions of US dollars in foreign aid amid anti-graft freeze
Investors still flocking to Vietnam despite political upheaval
Crypto boom, erratic rain spark outages in Laos, Asia’s clean power export hub
Big tech players splash the cash to court S-E Asia’s young and fast digitalising population
Third Vietnam politburo member resigns in two months