Malaysian Economic Outlook 2nd Quarter 2023

Malaysian Economy On A Stable Course

This has been a stable quarter for Malaysia following the dramatic political, geopolitical, and economic upheavals of the previous three years. Stable growth, stable employment, reducing inflation, and small but consistent depreciation in the ringgit spell positive indications for the Malaysian economy. However, the government must not be complacent, as businesses and consumers report reducing confidence and concerns for the future. Encouraging spending domestically, as well as further attracting investment from abroad, must remain big priorities for the Malaysian government, as can be seen already with many of the policy announcements made.