Malaysia’s economic growth is predicted to be modest this year. After witnessing a growth rate of 5.6% in Q1, the economy grew at a slower 2.9% in Q2, averaging a 4.2% expansion in H1 2023. Trade figures for July painted a slightly worrying picture, with a 14.4% decline in total trade. Even though exports and imports contracted, the trade surplus did see an increase of 7.9% YoY.