PM says economy still vibrant even though Q2 GDP growth slowed to 2.9% from 5.6% in Q1 2023.
Malaysia’s economy remains resilient and continues to improve despite global economic challenges, says Prime Minister Anwar Ibrahim.
“Despite the global economic challenges, Malaysia’s economy remains resilient and continues to improve,” he said in a statement issued by the ministry of finance today. The ministry also said domestic demand bulwarked the Malaysian economy in the second quarter of 2023 , against the backdrop of a cooling global trade.
Nevertheless, domestic demand remained resilient in the second quarter, registering a 4.5% rise while Malaysia’s total trade contracted by 11.3% to RM643.4 billion in Q2.
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