Malaysia's 2022 GDP Excites But What's In Store For 2023?

Malaysia’s GDP in 2022 recorded the highest annual growth rate in more than 2 decades at 8.7%, which was higher than the median estimate of 8.6% in a Bloomberg survey. As for the last quarter of the year, the economy expanded by 7% y-o-y. The services sector recorded the highest growth in 2022 at 10.9%. Can Malaysia be shielded from a challenging global environment and what growth can we expect for 2023? For answers we speak to Woon Khai Jhek, Head of Economic Research and Senior Economist at RAM Ratings.

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