27.2 C
Kuala Lumpur

Malaysia might be meet annual GDP growth of 7.7% – JP Morgan



JP Morgan is optimistic that Malaysia will be able to meet the annual gross domestic product (GDP) growth of 7.7% in 2022, which is likely to be one of the highest in the region.

According to JP Morgan Malaysia chief executive officer Wong Hooi Ching, the country’s economy is resilient with a strong banking system, supportive government and prudent corporate citizens.

“We are also bullish and optimistic on the electrical and electronic industry as Malaysia has been currently supplying 10% of the semiconductor components globally,” she said at the Invest Malaysia 2022 series one: Building resilience amidst volatility here, yesterday.

Furthermore, she said the country has managed to attract the highest foreign direct investment in the last six years, totalling US$1.9bil (RM8.6bil) into the country as of last month.

She also said that Malaysia has a vast talent pool and as the economy transforms, JP Morgan plans to continue innovating, engaging and supporting the next generation of leaders.

On Monday, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the country’s economic growth may surpass the official estimates of between 5.3 and 6.3% in 2022.

He attributed this to the country’s rapid growth in the second quarter at 8.9% and expected improved performance in the third quarter.

Langgan Majalah Forex Malaysia

━ more like this

AUD/USD mengurangkan kerugian harian di tengah-tengah penurunan USD yang sederhana, mengekalkan tahap merah di bawah 0.6500

AUD/USD berada di bawah tekanan jualan yang diperbaharui pada hari Khamis di tengah-tengah permintaan USD yang meningkat semula.Pertaruhan kenaikan kadar Fed yang agresif mencetuskan...

Analisa Teknikal EurJpy 29 September 2022

Forecast EurJpy di TimeFrame Daily(D1).Analisa: Harga ketika ini masih dalam kedudukan Sideways dimana harga masih gagal untuk break dan close dibawah support semasa untuk...

Analisa Teknikal EurAud 29 September 2022

Forecast EurAud di TimeFrame Daily(D1).Analisa: Harga ketika ini dalam kedudukan Uptrend dimana sebelum ini harga berasa di kedudukan Downtrend akan tetapi harga telah berjaya...

Analisa Teknikal GbpJpy 28 September 2022

Forecast GbpJpy di TimeFrame Daily(D1).Analisa: Harga ketika ini masih dalam kedudukan Downtrend. Ketika ini harga masih berada dibawah SbR semasa menandakan bahawa sesi Downtrend...

USD: Who is helped and hurt by a strong dollar?

The value of the U.S. dollar is surging at a moment when there are few clear bright spots in the American economy.It's now the...


Please enter your comment!
Please enter your name here