Economy to remain resilient against 'wall of worry' next year - MIDF

MIDF Research said it is cautiously optimistic that Malaysia’s economy will remain resilient amid the various headwinds expected next year and able to climb the “wall of worry” in 2023 with the support of robust domestic demand.

Director and head of research Imran Yassin Md Yusof said MIDF foresees Malaysia’s gross domestic product (GDP) growth moderating to 4.2 percent in 2023 from the 8.0 percent expected for this year, mainly due to a deceleration in external trade performance amid a global slowdown and rising interest rates.

"However, MIDF Research is optimistic that the domestic demand will provide support to the economy, fuelled by continuous upbeat consumer spending, moderation in...