Economy

Malaysia's annual GDP misses target at 3.7% amid weak exports

Central bank blames 'external environment' as Q4 growth slows to 3%

20230215 malaysia gdp

The sun rises above Kuala Lumpur on a hazy day in October 2023. Malaysia's gross domestic product growth missed the target amid weak exports. © Reuters

NORMAN GOH, Nikkei staff writer
February 16, 2024 14:06 JST
Updated on February 16, 2024 18:17 JST

KUALA LUMPUR -- Malaysia's economy grew 3.7% in 2023, the country's central bank said Friday, coming in below the target of 4% to 5% due to "prolonged weakness" of external demand.

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