Bank Negara maintains 2023 growth forecast amid global slowdown

By : The Star

Published On: 2023-03-29

1.1K Views

04:17

Bank Negara Malaysia (BNM) maintained its economic growth forecast for 2023 at 4% to 5%, saying that improved domestic conditions will likely offset risks stemming from a global slowdown and persistent inflation.

Bank Negara governor Tan Sri Nor Shamsiah Mohd Yunus on Wednesday (March 29) said Bank Negara risks to Malaysia's economy remain "fairly balanced", with the country expected to benefit from firm domestic demand, China's reopening, resilient labour markets, and a recovery in tourism.

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