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.
A corner of Kuala Lumpur, Malaysia. (Photo: Xinhua/VNA)
Kuala Lumpur (VNA) - Governor of the BankNegara Malaysia (BNM) Abdul RasheedGhaffour hasexpressed belief that the Malaysian economy will expand by 4% this year and4-5% next year, after reviewing the strong indicators of the economy.
Speakingto the press on November 17 after a meeting to announce the country's GDP in Q3, Rasheed said Malaysia's economicfundamentals remain strong and supportive of growth moving forward, adding thatGDP had exceeded pre-pandemic levels.
The Malaysian economy expanded by 3.3% from a year earlier in theJuly-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 hasfallen around 6% against the US dollar this year, saying that it did notreflect strength in the economy./.
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A corner of Kuala Lumpur, Malaysia. (Photo: Xinhua/VNA) 
