KUALA LUMPUR – Malaysia's central bank on Wednesday maintained its economic growth forecast for 2023 at 4 percent to 5 percent, saying that improved domestic conditions will likely offset risks stemming from a global slowdown and persistent inflation. The Southeast Asian country's economy has bounced back strongly from a pandemic slump, expanding at a 22-year high of 8.7 percent in 2022, but its outlook for this year has been clouded by cooling global demand. In documents released with its annual report on Wednesday, Bank Negara Malaysia (BNM) said risks to Malaysia's economy remain 'fairly balanced', with the country expected to benefit from firm domestic demand, China's reopening, resilient labor markets, and a recovery in tourism.

https://business.inquirer.net/393620/malaysia-central-bank-maintains-2023-growth-forecast-amid-global-slowdown

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