Malaysia GDP up 5.6% in Q1, topping forecasts as inflation settles

Domestic demand powering growth amid global headwinds, central bank says

20230512 malaysia shopping

Muslims shop for food to break their fast at a bazaar during Ramadan in Kuala Lumpur on April 15. © Reuters

NORMAN GOH, Nikkei staff writer

May 12, 2023 13:09 JST

Updated on May 12, 2023 13:37 JST

KUALA LUMPUR -- Malaysia's economy grew 5.6% on the year in the January-March quarter of 2023, outperforming economists' expectations.

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