Malaysia trims GDP outlook, focuses monetary policy on recovery
The Star
2022-03-30
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Malaysia’s central bank slightly lowered its economic growth outlook for this year and pledged any changes to its accommodative monetary policy would be "measured and gradual” as it flagged risks from the pandemic and geopolitics.
Bank Negara Malaysia said in its annual Economic and Monetary Review on Wednesday (March 30) that Gross domestic product may expand 5.3% to 6.3% this year.
Governor Tan Sri Nor Shamsiah Yunus added that Malaysia isn’t "out of the woods,” but is better prepared for further challenges, due to improved Covid management and higher vaccination rates.
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Bank Negara Malaysia said in its annual Economic and Monetary Review on Wednesday (March 30) that Gross domestic product may expand 5.3% to 6.3% this year.
Governor Tan Sri Nor Shamsiah Yunus added that Malaysia isn’t "out of the woods,” but is better prepared for further challenges, due to improved Covid management and higher vaccination rates.
Read more at https://bit.ly/3uHdhSz
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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