KUALA LUMPUR, Sept 1 ― MIDF Research has upgraded its growth target for Malaysia’s economy to 6.6 per cent from 6.0 per cent estimated earlier, following a stronger-than-expected gross domestic product release in the second quarter of 2022 .
“This will be backed by increased spending and business activities as the economy transitions into the endemic phase of Covid-19 with relaxed restrictions and rising tourist arrivals. MIDF Research noted that improving the labour market and better income prospects will continue to support domestic spending activity.
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