After two years of relatively robust growth, Malaysia’s industrial output (comprising manufacturing, electricity and mining production) is expected to enter a subdued phase in 2023 amid slower global demand and still-high inflation.
PETALING JAYA: The country’s sticky core inflation, which has burdened policy makers in the fight against rising price pressures, is expected to finally lose steam in 2023.
PETALING JAYA: Malaysia’s industrial production growth is expected to normalise in 2023 on the back of a dampened outlook among the country’s major trading partners, like the United States, United Kingdom and Europe, says AmBank Research.