Malaysia says global recession fears may impact its growth outlook ...Qatar

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Malaysia says global recession fears may impact its growth outlook
Malaysia’s economic outlook could be hurt by pessimism in the global economy even as officials keep to current domestic projections for growth, Finance Minister Zafrul Aziz said. While Malaysia’s expansion has been strong after a reopening of borders and amid booming exports, it must be prepared for a slowdown in the world economy, he said. There are rising global recession risks sparked by an aggressive monetary tightening in the US and stumbling growth in China, Zafrul said. “The IMF has cut its global 2022 GDP growth projections from 3.6% to 3.2%, and 2.9% for 2023, dubbing the world’s economic outlook gloomy and uncertain,” Zafrul said in an address at the Malaysian Student Leaders Summ

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