Malaysia confident of achieving 2022 growth target amid impact of Ukraine war

Kuala Lumpur

THE Malaysian government is confident of achieving its projected economic growth this year, even as the sharp rise in global commodities prices arising from the Russia-led war in Ukraine may temper the positive momentum, a minister said on Tuesday (Mar 29).

Speaking at an event in Kuala Lumpur, Minister in the Prime Minister's Department (Economy), Mustapa Mohamed, said recent indicators show that growth will be driven by robust external trade, a net inflow of foreign investments, and a more resilient increase in private consumption.