Malaysia will achieve its GDP growth target of %-5% in 2023

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Gross domestic product (GDP) is expected to grow by %-5%% in 2023, driven by good economic momentum, the Department of Statistics Malaysia said. Consumer spending confidence is generally high in the fourth quarter, and demand is expected to rise, creating room for GDP growth.

The industrial production index increased in October, with a trade surplus of RM12.87 billion in October, which reached the 42nd consecutive month. The unemployment rate fell to 3.4%。莫哈末乌兹尔表示10月数据显示经济向增长趋势发展,前三季度GDP增速合计达3.9%

According to Bank Negara, the economy grew by 3.9% overall in the first three quarters of 2023.

(Source: theedgemalaysia Image source: freepik)

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