Malaysia expects economic slowdown in 2023


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Malaysia expects its economy to grow at a slower pace next year compared to 2022, said its finance minister Tengku Zafrul Aziz. This comes as its major trade partners also face economic headwinds. Multiple media reports including The Star, The Edge Markets, and Reuters said the country will need to prepare itself for the possible slowdown in major global economies in 2023. Quoting the finance minister, The Edge Markets said all countries globally will be impacted as major economies such as the US, China and Europe are expected to slow down. While the country is not in a currency or...