KUALA LUMPUR: Bank Negara Malaysia Governor Tan Sri Nor Shamsiah Mohd Yunus said Malaysia is unlikely to go into a recession this year as sustained domestic demand and spending are set to continue anchoring growth.
However, she said that the latest official gross domestic product (GDP) projections would only be released in the new Budget 2023 to be tabled on Feb 24.
She said so far, first-quarter 2023 performance is showing more robust growth compared to the 7.0 per cent recorded in the fourth quarter of 2022.
"We do expect that growth will continue in 2023, but at a much more moderate pace due to slower external demand.
"The important thing I want to emphasise is that we are seeing sustained improvement in the job market and we are going to benefit from the positive impact from China's reopening,'' she told reporters during a press conference on the fourth quarter (4Q) and 2022 GDP statistics released today.
The government also highlighted that strong investment figures alongside a V-shaped recovery in tourism activities are enough to offset a moderation in exports that would emanate from a slower global growth demand.
Concurrently, economic growth is also expected at the global level, she said adding that in fact, the International Monetary Fund (IMF) too, has upgraded their GDP forecasts for 2022 and this year.
In its latest projection, the IMF estimated a 2.9 per cent expansion in 2023 versus the previous 2.7 per cent.
In 4Q 2022, global growth continued to slow amid higher interest rates and slower trade activity. The severe COVID-19 resurgence in China also affected spending and production activity.
Malaysia's economic growth rose to a 22-year record high of 8.7 per cent in 2022 against 3.1 per cent in the previous year, contributed by positive growth in all sectors.
Quarter-on-quarter, the GDP number, however, contracted 2.6 per cent in 4Q versus 3Q 2022.
"The moderation from the high growth in 3Q reflects waning support from stimulus measures,'' Statistics Department Malaysia chief statistician Datuk Seri Dr Mohd Uzir Mahidin said.
Mohd Uzir said although the economy in 2022 has surpassed the pre-pandemic level of 2019, three main economic sectors are still below the pre-pandemic level, namely mining and quarrying, construction and agriculture.
''In 2021, the number of employed persons for these three sectors was 2.8 million, which was still 0.1 million lesser than pre-pandemic data.
"Food and beverage, accommodation, real estate, business services, private education, and other services activities were still below pre-pandemic, though the overall services sector has surpassed what was seen in 2019,'' he said.
In 2022, inbound travel expenditure rose to RM27.9 billion from RM0.3 billion in the preceding year.
However, inbound travel is still below the pre-pandemic levels, with tourist arrival accounting for 26.1 million.
"In comparison, outbound travel expenditure rose to RM29.6 billion, more than half of the RM51.3 billion recorded at the pre-pandemic level,'' he noted.
-- BERNAMA
Bernama
Fri Feb 10 2023
![Malaysia not going into recession, growth set to continue in 2023 - BNM governor Malaysia not going into recession, growth set to continue in 2023 - BNM governor](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-02/51676012533_KDNKShamsiah.jpg)
BNM Governor Tan Sri Nor Shamsiah Mohd Yunus said Malaysia is unlikely to go into a recession this year as sustained domestic demand and spending are set to continue anchoring growth. - Astro AWANI
![Kerajaan lihat semula perjanjian penjualan air kepada Singapura - Fadillah Kerajaan lihat semula perjanjian penjualan air kepada Singapura - Fadillah](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/81720085306_FadillahYusof.jpg)
Kerajaan lihat semula perjanjian penjualan air kepada Singapura - Fadillah
Fadillah berkata perkara itu sudah berlaku ketika zaman pentadbiran bekas Perdana Menteri Tun Dr Mahathir Mohamad lagi.
![Pelancong asing ditahan disyaki cabul pekerja spa di Pulau Perhentian Pelancong asing ditahan disyaki cabul pekerja spa di Pulau Perhentian](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-07/51658407048_Cabul.jpg)
Pelancong asing ditahan disyaki cabul pekerja spa di Pulau Perhentian
Polis menahan seorang pelancong lelaki warga Maghribi kerana disyaki mencabul seorang juruterapi wanita rakyat tempatan di Pulau Perhentian.
Warga Thailand seludup diesel dihadapkan mahkamah
Seorang pemandu lori warga Thailand dihadapkan ke mahkamah atas menyeleweng 322 liter minyak diesel minggu lalu.
ADUN Rembia sertai Pas: YB Kampar minta buka riben putih
Susulan pengumuman ADUN Rembia sertai Pas dalam sidang media, YB Kampar, Chong Zhemin kemuka Peraturan Mesyuarat dan menyifatkan satu penghinaan besar buat Parlimen.
#SisiTVParlimen
#AWANInews
#SisiTVParlimen
#AWANInews
![Malaysia, Brunei dalam proses rundingan muktamad sempadan darat negara - Mohamad Malaysia, Brunei dalam proses rundingan muktamad sempadan darat negara - Mohamad](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/41720590984_DatukSeriMohamadH.jpg)
Malaysia, Brunei dalam proses rundingan muktamad sempadan darat negara - Mohamad
Mohamad Hasan berkata buat masa ini, kerja-kerja penandaan dan pengukuran di lapangan telah meliputi 175.96 km atau 33.3 peratus daripada keseluruhan jarak sempadan.
Kim Pan Gon undur diri kesan kepada Harimau Malaya
Apa reaksi peminat Harimau Malaya dan penganalisis sukan mengenai peletakan jawatan Kim Pan-Gon?
Masuk Pas untuk sama-sama susah dengan rakyat - ADUN Rembia
Muhamad Jailani berkata, sebelum ini beliau pernah menghantar surat kepada Lembaga Disiplin UMNO memohon untuk memecat keahliannya daripada parti Melayu itu.
![Perang berlarutan antara punca kelewatan penghantaran Black Hawk Perang berlarutan antara punca kelewatan penghantaran Black Hawk](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-04/51712121864_TBADLYZAHARIjp.jpg)
Perang berlarutan antara punca kelewatan penghantaran Black Hawk
Perkara itu dimaklumkan pihak Aerotree Defence and Services Sdn Bhd iaitu syarikat yang dipertanggungjawabkan dalam kontrak perolehan perkhidmatan sewaan helikopter berkenaan.
Keghairahan final Euro 2024 dibawakan ke restoran mamak
Kemeriahan dan keghairahan perlawanan final UEFA EURO 2024 antara Sepanyol dengan England di Berlin, Jerman dirasai di Malaysia, dibawakan oleh 'Astro BizOne Watch Party' di Restoran Hakim, Seksyen 7, Shah Alam.
![Polis kesan remaja lelaki hilang sejak enam hari lepas Polis kesan remaja lelaki hilang sejak enam hari lepas](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2024-07/61721115027_MuhammadAdiLagik.jpg)
Polis kesan remaja lelaki hilang sejak enam hari lepas
Polis sedang berusaha mengesan seorang remaja lelaki yang dilaporkan hilang oleh keluarganya di Kuala Pilah sejak enam hari lepas.
![Gabenor BNM: Abdul Rasheed sinonim kepada pengalaman dan pengetahuan luas - Ahli Ekonomi Gabenor BNM: Abdul Rasheed sinonim kepada pengalaman dan pengetahuan luas - Ahli Ekonomi](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-06/41654689031_AbdulRasheedGhaffo.jpg)
Gabenor BNM: Abdul Rasheed sinonim kepada pengalaman dan pengetahuan luas - Ahli Ekonomi
Gabenor BNM yang baharu, Datuk Shaik Abdul Rasheed Abdul Ghaffour, bukan orang baharu dalam badan berkanun itu.
![Abdul Rasheed calon tepat, paling sesuai jadi Gabenor BNM - Bekas Gabenor Abdul Rasheed calon tepat, paling sesuai jadi Gabenor BNM - Bekas Gabenor](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2021-09/41631186297_ShaikAbdul.jpg)
Abdul Rasheed calon tepat, paling sesuai jadi Gabenor BNM - Bekas Gabenor
Datuk Shaik Abdul Rasheed Abdul Ghaffour adalah calon yang tepat dan paling sesuai untuk menjadi peneraju bank pusat negara, kata bekas Gabenor Bank Negara Malaysia (BNM) Tan Sri Muhammad Ibrahim.
![Abdul Rasheed Abdul Ghaffour dilantik Gabenor BNM baharu mulai 1 Julai Abdul Rasheed Abdul Ghaffour dilantik Gabenor BNM baharu mulai 1 Julai](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-06/71686309174_AbdulRasheedGhaffo.jpg)
Abdul Rasheed Abdul Ghaffour dilantik Gabenor BNM baharu mulai 1 Julai
Bank Negara Malaysia (BNM) hari ini mengumumkan pelantikan Gabenor Bank Negara Malaysia yang baharu , Datuk Shaik Abdul Rasheed Abdul Ghaffour berkuatkuasa 1 Julai depan sehingga 30 Jun 2028.
![Gabenor BNM: Dasar Monetari adalah langkah berjaga-jaga, bukan terburu-buru Gabenor BNM: Dasar Monetari adalah langkah berjaga-jaga, bukan terburu-buru](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-11/71668153596_GabenorBankNegara.jpg)
Gabenor BNM: Dasar Monetari adalah langkah berjaga-jaga, bukan terburu-buru
Nor Shamsiah berkata, mandat BNM adalah untuk mengekalkan kestabilan harga yang kondusif kepada pertumbuhan mampan ekonomi Malaysia.
![Pinjaman tahap 2 susut lima peratus pada suku pertama - Gabenor BNM Pinjaman tahap 2 susut lima peratus pada suku pertama - Gabenor BNM](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-03/61680247729_GabenorBankNegara.jpg)
Pinjaman tahap 2 susut lima peratus pada suku pertama - Gabenor BNM
Pinjaman tahap 2 di Malaysia telah bertambah baik pada suku pertama 2023, menyusut kepada 5.0 peratus apabila lebih ramai peminjam berjaya beralih daripada program bantuan pembayaran balik.
![Gabenor Bank Negara nafi kenaikan OPR sebabkan peningkatan kebankrapan Gabenor Bank Negara nafi kenaikan OPR sebabkan peningkatan kebankrapan](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2022-11/71668153596_GabenorBankNegara.jpg)
Gabenor Bank Negara nafi kenaikan OPR sebabkan peningkatan kebankrapan
Gabenor Bank Negara Malaysia (BNM), Tan Sri Nor Shamsiah Mohd Yunus menafikan bahawa kenaikan kadar dasar semalaman (OPR) telah menyebabkan peningkatan kebankrapan.
![Kontrak Gabenor BNM: 'Pengumuman rasmi akan dibuat' - Shamsiah Kontrak Gabenor BNM: 'Pengumuman rasmi akan dibuat' - Shamsiah](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-02/51676018470_GabenorBankNegara.jpg)
Kontrak Gabenor BNM: 'Pengumuman rasmi akan dibuat' - Shamsiah
Beliau mengambil alih jawatan itu daripada Tan Sri Muhammad Ibrahim yang meletak jawatan pada 15 Jun 2018.
![Kenaikan OPR: Mana lagi kejam kalau inflasi naik mendadak? - Gabenor BNM Kenaikan OPR: Mana lagi kejam kalau inflasi naik mendadak? - Gabenor BNM](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-03/71680076179_BankNegaraMalaysia.jpg)
Kenaikan OPR: Mana lagi kejam kalau inflasi naik mendadak? - Gabenor BNM
Nor Shamsiah menegaskan keputusan tersebut dibuat bagi mengawal inflasi daripada terus melonjak, yang sekali gus akan memberi kesan kepada kuasa beli pengguna.
![KDNK suku pertama 2023 berkembang sederhana pada 5.6% KDNK suku pertama 2023 berkembang sederhana pada 5.6%](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-05/71683864592_TBbnm.jpg)
KDNK suku pertama 2023 berkembang sederhana pada 5.6%
Tan Sri Nor Shamsiah Mohd Yunus berkata, risiko terhadap prospek pertumbuhan Malaysia secara relatif adalah seimbang.
![Kenaikan OPR: 'Tak terlalu cepat, tak terlalu lambat' - Gabenor BNM Kenaikan OPR: 'Tak terlalu cepat, tak terlalu lambat' - Gabenor BNM](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2023-03/71680076179_BankNegaraMalaysia.jpg)
Kenaikan OPR: 'Tak terlalu cepat, tak terlalu lambat' - Gabenor BNM
Nor Shamsiah berkata perbincangan mengenai keputusan kadar terletak pada kesan kenaikan kumulatif OPR yang lalu.