AmBank forecasts Malaysia’s growth to hit up to 9% in 2022

Malaysia’s economic growth for this year is likely to reach 8.5-9% this year, with Q4 gross domestic product expansion forecast to reach around 6-8%, according to AmBank Research. The growth will be on the back of private consumption, external trade, and low-based effects. For next year, however, economic growth is expected to grow slower next year at 4.5% as the downside risks become more pronounced. In Q3, the country's growth was registered at 14.2%, compared to 8.9% in Q2. Malaysia’s headline inflation in September rose 4.5% on-year against 4.7% in August.