Malaysia's 2023 economic outlook remains favourable

The outlook for Malaysia’s economic growth in 2023 remains favourable despite global headwinds such as inflationary pressures, economic uncertainties, and climate change, said Finance Minister Tengku Zafrul Abdul Aziz.

Nonetheless, he said the government will maintain high fiscal support and continue to adopt an expansionary fiscal stance to stimulate economic activity in sustaining the gross domestic product (GDP) growth momentum, which is forecast at between 4 and 5 percent in 2023...