Breadcrumb

Asset Publisher

null RAM Ratings: Strong growth in 2022 should provide foundation for 2023's headwinds

news

RAM Ratings: Strong growth in 2022 should provide foundation for 2023's headwinds

24 Nov 2022 | Thursday Source: The Malaysian Reserve

Malaysia’s stellar growth in 2022 should provide a strong foundation of growth in a challenging 2023, albeit a slower one, according to a local research outfit.

“Generally, any economic slowdown in the region and key economic blocks will impact Malaysia, as well in terms of export and mass production,” said RAM Ratings economic research head Woon Khai Jhek.

He said Malaysia’s economy will inevitably face downside risks next year given the looming threat of a global recession.

“Malaysia cannot escape the ripple effects from slower global growth next year, which will directly soften external demand and dampen Malaysia’s export performance,” he said in a webinar.

Read more here