The Malaysian economy is expected to maintain its recovery momentum in 2022, bolstered by the transition to the endemic phase and the reopening of international borders, which will enhance tourism and trade. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz anticipates GDP growth of 5.3% to 6.3% this year, supported by government initiatives like the RM10,000 withdrawal from the Employees' Provident Fund and Bantuan Keluarga Malaysia payments. Despite global economic pressures and inflation risks, the labour market is improving, with a 4.1% unemployment rate in Q1 2022.RECOVERY MOMENTUM TO CONTINUE THIS YEAR
The Malaysian economy is expected to maintain its recovery momentum in 2022, bolstered by the transition to the endemic phase and the reopening of international borders, which will enhance tourism and trade. Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz anticipates GDP growth of 5.3% to 6.3% this year, supported by government initiatives like the RM10,000 withdrawal from the Employees' Provident Fund and Bantuan Keluarga Malaysia payments. Despite global economic pressures and inflation risks, the labour market is improving, with a 4.1% unemployment rate in Q1 2022.
