Publication:
Malaysia Economic Monitor, February 2023: Expanding Malaysia’s Digital Frontier

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dc.contributor.authorWorld Bank
dc.date.accessioned2023-02-15T17:34:09Z
dc.date.accessioned2023-03-06T16:04:18Z
dc.date.available2023-02-15T17:34:09Z
dc.date.available2023-03-06T16:04:18Z
dc.date.issued2023-02
dc.description.abstractGlobal growth has slowed markedly, edging closer to falling into recession. Meanwhile, growth in the East Asia and Pacific (EAP) region, excluding China rebounded, diverging from the global trend, as mobility restrictions were removed. Malaysia’s growth during the quarter was also the highest relative to other regional countries. Like its regional peers, the Malaysian economy bucked the global trend and recorded a strong growth in Q3 2022. Malaysia’s strong performance in Q3 2022 - and for 2022 overall - was in part due likely to the withdrawals from the employee’s provident fund (EPF) which contributed to higher private consumption in Malaysia than in other countries. In addition, improved labor market conditions, other government policy measures such as the increase in the minimum wage and cash assistance programs such as Bantuan Keluarga Malaysia provided additional support. On the supply side, all economic sectors expanded during the period.en
dc.identifierhttp://documents.worldbank.org/curated/en/099063502042320186/P179681008aa910db0bca9057d2dfa76bed
dc.identifier.doihttps://doi.org/10.1596/39438
dc.identifier.urihttps://hdl.handle.net/10986/39438
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectLABOR MARKET
dc.subjectINFLATION
dc.subjectBANKING SECTOR
dc.titleMalaysia Economic Monitor, February 2023en
dc.title.subtitleExpanding Malaysia’s Digital Frontieren
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleMalaysia Economic Monitor, February 2023: Expanding Malaysia's Digital Frontier
okr.date.disclosure2023-02-07
okr.date.doiregistration2025-05-07T10:13:11.736036Z
okr.date.lastmodified2023-02-07T00:00:00Zen
okr.doctypeEconomic & Sector Work
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.docurlhttp://documents.worldbank.org/curated/en/099063502042320186/P179681008aa910db0bca9057d2dfa76bed
okr.guid099063502042320186
okr.identifier.externaldocumentumP179681-08aa918e-eaec-48db-bca9-57d2dfa76bed
okr.identifier.internaldocumentum33995934
okr.identifier.report179907
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099063502042320186/pdf/P179681008aa910db0bca9057d2dfa76bed.pdfen
okr.region.administrativeEast Asia and Pacific
okr.region.countryMalaysia
okr.topicMacroeconomics and Economic Growth::Economic Forecasting
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Financial Economics
okr.topicMacroeconomics and Economic Growth::Inflation
okr.unitEFI-EAP-MTI-MacroFiscal-2 (EEAM2)
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