Malaysia focuses on handling external challenges in 2023
Malaysia will continue to focus on managing external challenges and the ramifications facing its economy this year, said Minister of International Trade and Industry (MITI) Zafrul Aziz.
Kuala Lumpur (VNA) - Malaysia will continue tofocus on managing external challenges and the ramifications facing its economythis year, said Minister of International Trade and Industry (MITI) Zafrul Aziz.
According to the national news agency of Malaysia Bernama, speakingat a February 20 session of the ministry, the official said the growth momentumgenerated in 2022, which can be attributed to decisive policies to safeguardthe economy as well as protect and create jobs since March 2020, will propelthe country forward this year.
He said during the pandemic years, Malaysia invested invarious measures to strengthen its resilience and these have helped support thenation’s economic recovery while strengthening its fundamentals.
The country’s gross domestic product in 2022outperformed expectations, with growth recorded at 8.7%, the highest in 22years, he added.
The minister said its economic outlook seems encouragingwith 2022 trade surpassing 2 trillion RM (451.26 million USD) and exportsgrowing 25% to 1.6 trillion RM.
However, expecting a tough year ahead, he expressed hopethat all stakeholders could work closely with the ministry in helpingindustries and exporters to build resilience to better deal with the challengesahead./.
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