12-05-2023, 07:08 PM
Malaysia’s economy recorded a better-than-expected expansion of 5.6 per cent in the first quarter of 2023 (1Q 2023) driven mainly by private sector expenditure, Bank Negara Malaysia Governor Tan Sri Nor Shamsiah Mohd Yunus has said.
She said the factors supporting growth in the first quarter of 2023 (1Q 2023) include further expansion of household spending, continued investment activity and improving labour market and higher tourism activities.
“Malaysia is not at risk of the recession. On a seasonally adjusted basis, the economy has exceeded the pre-pandemic levels.
“The labour market continued to strengthen in the first quarter of 2023 and is expected to remain supportive of domestic demand,” Nor Shamsiah said during a press conference today.
https://www.malaymail.com/news/money/202...rter/68849
She said the factors supporting growth in the first quarter of 2023 (1Q 2023) include further expansion of household spending, continued investment activity and improving labour market and higher tourism activities.
“Malaysia is not at risk of the recession. On a seasonally adjusted basis, the economy has exceeded the pre-pandemic levels.
“The labour market continued to strengthen in the first quarter of 2023 and is expected to remain supportive of domestic demand,” Nor Shamsiah said during a press conference today.
https://www.malaymail.com/news/money/202...rter/68849