The chart above shows the GDP trends of Malaysia over the past 30 years. The three previous negative growths were due to the Asian financial crisis, the US subprime mortgage crisis, and the 2020 COVID-19 lockdown.
The growth in 2022 is due to the low base in 2021. The IMF predicts that China's GDP in 2023 will be between 4.3 - 4.5%. Malaysia's GDP growth in the first quarter was 5.6%, with slower consumption growth and declining exports in Q2. The market expects GDP growth to be weaker than Q1.
This Friday, the GDP for Q2 will be released. Feel free to leave a comment and guess how much the GDP for Q2 will be in percentage. The author's prediction is 3.6%. Leave a comment with your own prediction, and let's see whose guess is closest on Friday. 😎