Malaysia's economic growth likely gathered pace in the last quarter, driven by stronger demand following a relaxation of COVID-19 measures, but a prolonged slowdown in China could have significant knock-on effects, a Reuters poll found.
Southeast Asia's third-largest economy is predicted to have expanded 4.0% in the January-March quarter compared with the same three-month period a year earlier, according to the median forecast of 18 economists, faster than the 3.6% increase in the preceding quarter.
"Relaxed virus containment measures helped by high vaccinations despite the Omicron wave translated to an uptick in services activity." Demand for Malaysian palm oil is set to rise after top producer Indonesia temporarily banned shipments last month in a bid to tame soaring domestic cooking oil prices.Malaysia's economic performance has improved sharply on stronger commodity prices and domestic demand and still-buoyant exports are expected to help drive growth this year and next.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
China medical experts say zero-COVID strategy buys time to vaccinate more peopleChina's tough zero-COVID measures remain essential to defeat the pandemic and buy time to improve vaccination rates and develop new treatments, senior health advisers wrote in recently published reports.
Baca lebih lajut »
GE unit boosts medical dye output as China COVID lockdown cuts suppliesGeneral Electric's healthcare unit said on Tuesday it had increased output of dye used for medical scans and tests at its factory in Ireland and shipped products by air to help combat shortages caused by the suspension of its Shanghai factory.
Baca lebih lajut »
COVID-19 lockdowns in China cause global shortage of ‘contrast material’ used for medical imagingContrast materials are used to improve the quality of medical images which helps doctors distinguish normal from abnormal conditions in a patient’s body.
Baca lebih lajut »
Taiwan activist released from China says global help workedA Taiwanese human rights activist who served five years in jail in China spoke out Tuesday, said that international pressure and the tireless advocacy by his wife worked to ensure his safe return to Taiwan.
Baca lebih lajut »
Apple is giving engineers in China more responsibility over manufacturing processesUS engineers use livestreaming to follow remotely.
Baca lebih lajut »
China faces 'complex and grave' job market, warns Premier LiOne of China's top leaders has painted a grim picture of the job market in the world's most populous nation, as widespread Covid lockdowns slam the brakes on the economy.
Baca lebih lajut »