PETALING JAYA: The slowing industrial production growth in Malaysia is an indication that the country’s economic growth for the fourth quarter (4Q) of 2022 may come in significantly slower than the preceding quarter.
KUALA LUMPUR, Dec 13 ― Manufacturing output, which recorded the slowest growth in five months in October 2022, is expected to continue to moderate as demand remains fragile.
PETALING JAYA: Headline inflation is expected to ease going into 2023, but living costs will remain a concern with retail prices unlikely to come down anytime soon, said an economist.
The ringgit should start to strengthen against the US dollar from the second quarter of next year onwards and settle at the 4.40 level in the fourth quarter of 2023, Malaysian news agency Bernama reported, citing a note released by AmBank Research.