Malaysia’s Anwar Ibrahim Says 2022 GDP Growth Would Top Forecasts at 7%

Anwar Ibrahim, prime minister of Malaysia said on Tuesday that the GDP of the country is likely to beat prior estimates with a growth between 6.5%-7.0%.

“This year’s economic performance is encouraging as a result of the reopening of the economy in line with a shift to a COVID-19 endemic phase” Anwar said.

The Malaysian economy recovered from the pandemic after lifting the Covid restriction in April. However, there is still concern that the global economy would weaken/slow and that export growth may fail from now on.

In the third quarter, Malaysia’s economy has grown at its fastest rate in more than a year, despite the prospect of a global slowdown.

Anwar Ibrahim said that “The government will do its best to strengthen economic indicators, restore investor confidence and rebuild a prosperous Malaysia.”