Malaysia’s economy records 5.6% expansion
Bank Negara Malaysia governor Nor Shamsiah Mohd Yunus says the whole economy is no longer in crisis and continues to gain strength. – The Malaysian Insight file pic, May 12, 2023.
MALAYSIA’s economy recorded a better-than-expected expansion of 5.6% in the first quarter of 2023 driven mainly by private sector expenditure. Bank Negara Malaysia governor Nor Shamsiah Mohd Yunus said the growth in Q1 was supported by further expansion of household spending, continued investment activity, improving labour market and higher tourism activities.
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