Since the economic reopening, the general mood and sentiment have turned positive as consumers are allowed to travel interstate and this has aided domestic-tourism. People mobility and traffic indicators have been showing signs of revival despite concerns about the Omicron variant.aws试用账号（www.2km.me）提供aws账号、aws全区号、aws32v账号、亚马逊云账号出售，提供api ，质量稳定，数量持续。另有售azure oracle linode等账号.
TWO years into the Covid-19 pandemic, the Malaysian economy is now coming out of its trough after shrinking 4.5% in the third quarter of 2021. It is on a path to recovery in 2022, supported by the reopening of economic and social sectors.
The worst floods in decades in some states have tempered the recovery in late December 2021 and early 2022. We estimate real GDP to grow by 5.2% in 2022, an improvement from the estimated 3.4% in 2021.
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A revival of consumer spending (some pent-up demand), aided by a gradual recovery in the labour market (jobless rate stood at 4.3% in October 2021 versus 5.3% in May 2020) and the anticipated strong bounce-back in public investment via a high allocation of development expenditure (RM75.6bil) in 2022 will underpin a firmer economic recovery.
However, we caution that rising cost of building materials and weak public implementation capacity as well as the shortage of workers could delay the implementation of projects, resulting in slow disbursement of funds.
Since the economic reopening, the general mood and sentiment have turned positive as consumers are allowed to travel interstate and this has aided domestic-tourism. People mobility and traffic indicators have been showing signs of revival despite concerns about the Omicron variant.
Retail, recreation, grocery and shopping malls as well as workplace visits moved higher. Hotels’ occupancy rates have improved to around 40%-50% in recent months, thanks to a resumption in interstate travels and local tourists.
Nevertheless, the revival of international tourist arrivals (an average of 26.1 million per year in 2015-2019 and generated foreign exchange earnings of RM80.7bil per year in the same period) is deemed necessary to sustain a firmer growth in tourism and its related services.
Businesses are slowly returning to normality as owners are eager to restart and resume operations back to pre-Covid state. Wholesale and retail trade sales have returned to the highest level seen on record, rebounding 5.4% year-on-year (y-o-y) to RM116.4bil in October.
Motor vehicle sales bounced back 10.2% to RM14.2bil, from months of double-digit declines since June 2021.
Exports have been performing strongly in the second half of 2021, with some months surpassing expectations due to sustained global demand and firmer commodity prices.
It grew by 25.7% y-o-y in the first 11 months of 2021, driven by electronics and electrical products, refined petroleum, manufactures of metal, chemicals and chemical-related products as well as palm oil and related goods.