Malaysia's Finance Minister Zafrul Aziz expects the country to beat its official growth estimates of between 5.3 per cent and 6.3 per cent for 2022, on the back of strong private consumption.
Speaking at the Recovery and Resilience: Spotlight on Asean Business forum in Singapore on Monday (Sep 12), he noted that Malaysia is likely to chart stronger growth in the third quarter of this year, after the economy expanded 8.9 per cent in the previous quarter.
The new full-year estimate for growth will be announced during the annual budget (on Oct 7), he said.
The minister pointed out that risks to recovery still remain. "We are facing various challenges including the strengthening US dollar and a slowing...