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Malaysia central bank trims GDP forecast, sees supply disruption

New range of 5.3-6.3% reflects expected Ukraine impact

Bank Negara Malaysia Gov. Nor Shamsiah Mohd Yunus: The bank sees risks "tilted to the downside."   © Reuters

KUALA LUMPUR (Reuters) -- Malaysia's central bank on Wednesday trimmed its 2022 economic growth forecast to between 5.3%-6.3%, with its governor saying the country's continued recovery will be slightly offset by the expected economic impact of the Ukraine conflict.

Bank Negara Malaysia (BNM) had previously projected the economy would grow between 5.5%-6.5% in 2022, as borders and businesses reopen following the lifting of coronavirus restrictions.

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