APAC economy continues to show resilience in face of inflation
KUALA LUMPUR: The economy of the Asia-Pacific (APAC) region continues to show resilience in the face of inflation caused by sanctions on Russia, goods and commodities shortages after the invasion of Ukraine, as well as local shutdowns in China due to the republic’s zero-COVID policy. Moody’s Analytics in a note today said China’s economic indicators […]
Economic recovery affected by pandemic surge
KUALA LUMPUR: Malaysia’s economic recovery is expected to be affected by the latest surge in Covid-19 infections that triggered a two-week lockdown, from June 1-14, 2021. In a research note, Moody’s Analytics said its baseline forecast assumed a 5.6 percent expansion in 2021, but noted the added downside risks and heightened uncertainty. “The lockdown will […]
Malaysia’s GDP likely to grow by 0.5 pct in Q1 2021
KUALA LUMPUR: Malaysia’s gross domestic product (GDP) is likely to have grown by 0.5 per cent quarter-on-quarter in the first quarter of 2021 (Q1 2021), compared to the 0.3 per cent contraction seen in Q4 2020, said Moody’s Analytics. It said although Malaysia has contended with a severe resurgence in Covid-19 cases that peaked in […]
Pick-up in crude oil prices, global chip shortage to drive Malaysia exports
KUALA LUMPUR: The pick-up in oil prices and the global shortage of semiconductors will drive exports for Malaysia’s key sectors in the coming months, said Moody’s Analytics. Economist Denise Cheok said despite the country has extended its movement control order (MCO) in its most economically active states of Selangor, Kuala Lumpur, Johor and Penang until […]
MCO 2.0 will impact Malaysia’s economic growth this year
KUALA LUMPUR: The second movement control order (MCO2.0) in key states with bustling economic activities would pose an impact on Malaysia’s economic growth this year, said financial intelligence company Moody’s Analytics. Its chief Asia-Pacific economist Dr Steve Cochrane said the MCO, which is currently being implemented in key economic areas, namely Selangor, Kuala Lumpur, Penang, […]
