Malaysia Q4 GDP up 7% on year earlier, above forecast
Reuters
February 10, 2023 12:07 MYT
February 10, 2023 12:07 MYT
People dine in at a restaurant in front of Petronas Twin Towers, in Kuala Lumpur, Malaysia November 5, 2020. Picture taken November 5, 2020. REUTERS/Lim Huey Teng
Malaysia's economy in the fourth quarter grew 7% from a year earlier on continued expansion in domestic demand and resilient demand for electrical and electronics goods, Bank Negara Malaysia Governor Nor Shamsiah Mohd Yunus said on Friday.
Gross domestic product (GDP) for all of 2022 had been 8.7% higher than in 2021, she said.
Economists polled by Reuters had expected the central bank to report October-December GDP 6.6% higher than in the same period of 2021, slowing from the 14.2% annual growth seen in the third quarter.