Malaysia, Indonesia 2023 GDPs revised up on firm spending: JCER

Economist consensus shows 5 ASEAN countries to expand 4.3%, India 5.6%

20221224 Indonesia shop

Women browse shops for Christmas decorations at a shopping mall in Jakarta on Dec. 12. Economists say robust household spending will support Indonesia's economic growth in 2023. © Reuters

KENTARO IWAMOTO, Nikkei staff writer

TOKYO -- Economists have revised up next year's growth projections for Malaysia and Indonesia, citing robust domestic demand, according to a fresh survey compiled by the Japan Center for Economic Research and Nikkei, underscoring the Southeast Asian economies' resilience amid a global downturn.

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