ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Economy

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more