KUALA LUMPUR, Aug 18 Malaysia’s second quarter gross domestic product (GDP) growth of 2.9 per cent reflects a “business cycle slowdown” rather than an impending.
Rent-seeking has been around for a very long time. Breaking it is not going to be easy unless the government has a strong political will to work out effective regulations to stem this unhealthy and unproductive behaviour.
Signs are pointing to a lower gross domestic product (GDP) number for the second quarter of this year (2Q23) but the economy is expected to be supported by domestic consumption, according to economists.
The combination of declining exports, persistently high core inflation and cautious consumer spending will likely see the economy experiencing a moderation in growth in the second half of the year.
KUALA LUMPUR: Malaysia’s gross domestic product (GDP) is expected to grow by between four per cent and five per cent in the second half of 2023 (2H 2023) and by 4.5 per cent for the full year, said the Socio-Economic Research Centre (SERC).