Anwar and the Ringgit - a Photo collage by LatestMalaysia.com
Malaysia is now one of the fastest-growing economies in Asia – placed number 14 out of 20, according to a detailed analysis by Insider Monkey.
In the list, Malaysia came in 14th place recording the country’s real GDP growing at 4.3 per cent and GDP per capita growing at 6.75 per cent.
However, Malaysia’s real GDP growth was recorded at four per cent in 2023 and 8.7 per cent in 2022. An analysis by the International Monetary Fund also showed the country’s inflation rate was recorded at 2.7 per cent compared to last year’s rate at 2.9 per cent.
Asia’s regional economic growth has improved, projected at 4.5 per cent as opposed to prior expectations of 4.2 per cent.
The report says Asia is expected to contribute two-thirds to the global growth.capita growing at 6.75 per cent.
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