Malaysia to grow 5.6pct in 2022, says HSBC

Malaysia to grow 5.6pct in 2022, says HSBC. [Newspaper] (2022)


KUALA LUMPUR: HSBC believes the Malaysian economy has one of the brighter outlooks in the region and will emerge from a "double-dip" recession despite a lot of uncertainties. The bank expects the country's gross domestic product (GDP) to rise 3.6 per cent in 2021, before accelerating to 5.6 per cent this year. HSBC also believes that the undervalued ringgit will recover in 2022. It said Malaysia has one of the highest vaccination rates in Asia that allowed the country to have a high degree of resilience.

Item Type: Newspaper
Keywords: Gross domestic product (GDP), Economic growth
Taxonomy: By Subject > Business & Management > Economics
By Subject > Business & Management > Management
Local Content Hub: Subjects > Business & Management
Depositing User: Jamil Jawi
Date Deposited: 10 Mar 2022 23:26
Last Modified: 14 Mar 2022 09:22
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