Malaysia’s economic expansion to cool in 2H2023 on tepid consumption and weaker exports, says SERC

KUALA LUMPUR (Aug 2): Malaysia’s economic growth is expected to cool in the second half of 2023 (2H2023) to 4%-5%, reflecting a decline in exports and tepid consumer spending amid a moderate global economic environment, according to the Socio-Economic Research Centre (SERC).