GDP Malaysia kini di belakang Vietnam dan Filipina | Malaysia registers economic growth of 3% in 4Q, 3.7% in 2023

kemaruk

Malaysia registers economic growth of 3% in 4Q, 3.7% in 2023


KUALA LUMPUR: Malaysia's economic growth slowed to 3% in the fourth quarter of 2023, with exports remaining subdued over the quarter on prolonged weakness in external demand.

The country's gross domestic product (GDP) was lower than 3.3% growth registered in the previous quarter, disappointing market expectations.

In an issued statement, Bank Negara said the country's unemployment rate declined to the pre-pandemic level of 3.3% while the labour force participation rate was at a historic high in 2023.

Meanwhile, growth in investment activity was underpinned by the progressive realisation of multi-year projects and capacity expansion by firms.

Overall, Bank Negara said growth in 2023 normalised to 3.7% following strong growth of 8.7% registered in 2022.

"Growth moderated amid a challenging external environment.

"This was due mainly to slower global trade, the global tech downcycle, geopolitical tensions and tighter monetary policies," it said.

Moving forward, Bank Negara said growth in 2024 will be driven by resilient domestic expenditure and improvement in external demand.

It said the tech upcycle combined with stronger external demand and continued improvement in the tourism sector will provide support to Malaysia's exports.

On the domestic front, Bank Negara said household spending will be supported by continued employment and wage growth.

Investment activity, meanwhile, will be underpinned by further progress of multi-year projects, by both the private and public sectors, as well as the implementation of catalytic initiatives under the various national master plans.

On inflation, the central bank said both headline and core inflation have moderated due mainly to lower cost pressurs and stabilising demand conditions.

"In 2024, inflation is expected to remain modest, broadly reflecting stable cost and demand conditions.

"However, inflation outlook remains highly subject to changes to domestic policy on subsidies and price controls, as well as global commodity prices and financial market developments," it said.

Reviewing the balance sheet, the central bank said Malaysia's current account surplus in 2023 was sustained at 1.2% of GDP, supported by a diversified export structure across market and product.

The strength in external position is also reflected in the external debt, which declined to 68.2% of GDP in 2023 from 69% in 3Q23, and a higher net international investment position at 6.6% of GDP in 2023 as compared to 5.2% in 3Q23.

"Importantly, the external debt remains manageable given the favourable maturity and currency profiles.

"One-third of the external debt is denominated in ringgit, limiting currency risk, while around 70% of debt have medium and longer-term tenures," said Bank Negara.


https://www.thestar.com.my/busin ... growth-of-3-in-4q23

kemaruk

maybe ambil lajak kot sebelum mencanak naik

takkan la (bekas) menteri kewangan terbalik asia (asiamoney, 1996) hauk sangat kot.. ade la tu perancangan beliau.. trust the process je la

OshinDaSolja

tu laa kan dh kata... ternyata failed capai sasaran 4%

2022: 8.7% (BN/PN)
2023: 3.7 % (Madani)

OshinDaSolja

kemaruk replied at 16-2-2024 01:10 PM
maybe ambil lajak kot sebelum mencanak naik

takkan la (bekas) menteri kewangan terbalik asia (asiam ...

trust the wawenang dan tatakelolo yg jitu, mapan dan Padu...

arnauld

Patut compare dgn zimbabwe hehehe

stingergrumpy

Alhamdulillah...dgn kepimpinan anwart dapat akhirnyer kita dibandingkheun dgn Vietnam, dan pinoy.......bermaruah sedikit dari kepimpinan yg terdahulu sebelum ini...

Balik balik dibandinglhen dgn  Zimbabwe....atau timbaktu...

Chaiyokkk PMX...

kasibiman

kasibiman

kau dah kenapa pmx???

kemaruk

Yang sewel2 je yang masih bertahan

kemaruk

kasibiman replied at 16-2-2024 07:17 PM

Betul tu.. kalau ikutkan, ringgit melemah akan menaikkan eksport, lalu meningkatkan GDP

Tapi di zaman penuh kehaukkan ini, segala galanya jadi hauk

Raya nanti naik bas ape?

MissYouSayang

Walanon khens bebal. Dia mana tahu baca data, chart semua ni..yang dia tahu bila sanusi nak karok je

VespaSilbe

Amount hutang pun berahsia ya .. sesak dada kut kalau rakyat tahu

haruslah

Salah 1mdb dulu
Kesannyr skrg

adiwarna

Ini yg raykat idam2kan selama ni....kan amik masa 10 tahun jatuhkan kjaan bn dgn fitnah tanpa henti sambil menunggang bontot raykat yg terpengaruh dgn gerakan malaysia spring, demo bersih 1 2 3 4, apa bn buat masa tu semua salah dan diejek2 sambil bayar red bean army komen negatif kat medsos bn dan pm bosskur....raykat mudah lupa sebab otak dah penuh kencing, rasakan semua, rasakan!!! Y'all deserve this shit, yaaa....so, deal with it!

terma2nkondisi2

Sharp fall in current account doesn’t raise any alarms...yet

"According to UOB, this is the lowest that Malaysia’s current account surplus has fallen to since 4Q1997 as the country weathered the Asian Financial Crisis."
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"However, with external trade volatility, he does not rule out the possibility of Malaysia’s current account falling into a deficit."

"Nonetheless, even if it does fall into a deficit, Lee noted that it is no cause for concern unless it is persistent."

sharp fall in current account.. even if it does fall into a deficit.. no cause for concern unless it is persistent... seb baik jadi masa zaman anwar sekarang ni.. kalau jadi masa pimpinan pm2 terdahulu, mesti tak menyempat acik2 walanon pakat2 maki secara berjemaah

VespaSilbe

Tgk menteri kewangan singapura berucap.. dap eh cakap melayu... Keluar air mata jantan compare dengan menteri kewangan tanahair

kasibiman

kemaruk replied at 16-2-2024 09:36 PM
Betul tu.. kalau ikutkan, ringgit melemah akan menaikkan eksport, lalu meningkatkan GDP

Tapi di z ...

raya nnt naik bas gagap.


kkkl.

nw111

Takpe..janji  kt 3 states dh 100% takde org semekin...sikit lg satu msia takde org semekin ..ala2 duduk Luxembourg ...ummah rohingya dgn Bangla pun blh kaya duduk msia..

ninja9

KUALA LUMPUR: The Malaysian economy chalked up a 3.7% growth in 2023, just below the government’s projection of 4%, Bank Negara Malaysia (BNM) announced today.

This is also a sharp drop from the 22-year high of 8.7% growth recorded in 2022.

The economy saw a 3% growth in the fourth quarter of 2023 (Q4 2023) compared with the same period the year before.

The reading was below advanced estimates released on Jan 19 by the statistics department and analysts’ forecast in a Reuters poll of a 3.4% expansion.

This was also slower than the previous quarter, the central bank said.

BNM said growth in the October-December period was driven by improving labour market conditions and easing cost pressures.

“Growth in investment activity was underpinned by the progressive realisation of multi-year projects and capacity expansion by firms,” BNM said in a statement.

The government and central bank expect economic growth of 4%-5% in 2024.

ninja9

government’s projection of 4%

gomen punya projection cuma 4% untuk 2023, kenapa rendah sedangkan 2022 tu dapat 8.7%