Economics

AmBank forecasts Malaysia’s growth to hit up to 9% in 2022

The growth will be on the back of private consumption, external trade, and low-based effects.

Malaysia’s economic growth for this year is likely to reach 8.5-9% this year, with Q4 gross domestic product expansion forecast to reach around 6-8%, according to AmBank Research. The growth will be on the back of private consumption, external trade, and low-based effects. For next year, however, economic growth is expected to grow slower next year at 4.5% as the downside risks become more pronounced. In Q3, the country’s growth was registered at 14.2%, compared to 8.9% in Q2. Malaysia’s headline inflation in September rose 4.5% on-year against 4.7% in August.

Source: https://www.channelnewsasia.com/international

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