: The Malaysian economy is anticipated to grow at a more moderate pace this year following a strong recovery in 2022 as economies around the world continue to struggle to sustain growth, the Department of Statistics Malaysia said.
“Based on the Ministry of Finance’s report, total trade, exports and imports were projected to increase by 1.3 per cent, 2.2 per cent and 0.2 per cent, respectively. This projection was in line with the World Trade Organisation estimates, which expected global trade to grow marginally by 1.0 per cent in 2023.
Adding to this, Mohd Uzir said Malaysia’s Leading Index decreased by 0.6 per cent, equivalent to 0.7 point, to 110.7 points in December 2022 as compared to 111.4 points in December 2021.
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