KUALA LUMPUR: The government remained confident to meet its gross domestic product (GDP) forecast of 4.0 per cent to 5.0 per cent for 2023 as the dome...
: The government remained confident to meet its gross domestic product forecast of 4.0 per cent to 5.
According to MoF, Malaysia’s domestic inflation in June 2023 was tamer than selected advanced and regional countries such as the United Kingdom , the Philippines , Singapore , Indonesia and the United States . Domestic demand remained resilient in the second quarter registering a 4.5 per cent increase while Malaysia’s total trade contracted by 11.3 per cent to RM643.4 billion in 2Q 2023, it said.
“The construction sector recorded the strongest performance, soaring 6.2 per cent in the quarter, followed by services and manufacturing ,” it added.
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