Economists see slower growth for Malaysia in 2023 amid weak external demand

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Economists see slower growth for Malaysia in 2023 amid weak external demand

STORY: Economists see slower growth for Malaysia in 2023 amid weak external demand DATELINE: Feb. 14, 2023 LENGTH: 00:03:31 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Malaysia's national flag and street views of Kuala Lumpur 2. various of paddy field 3. various of palm oil plantation 4. various of container vessels at Northport of Port Klang, Selangor 5. various of offshore oil rigs STORYLINE: Economists said on Monday that Malaysia's growth is to moderate in 2023 amid weak external demand after the country registered an economic growth of 8.7 percent in 2022. Hong Leong Investment Bank Research said in a note that in view of the external headwinds and diminishing base effect, it maintained its expectation for Malaysia to grow at a more moderate pace of 4 percent this year. Nonetheless, it said China's recent reopening is anticipated to help push the recovery in tourist arrivals and lend some support to export growth. Domestic demand is also expected to continue to support g

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