KUALA LUMPUR, Feb 28 — Malaysia’s near-term growth momentum is anticipated to strengthen as the leading index grew by 2.1 per cent year-on-year in December 2021 , the highest rate since May 2021, MIDF Research said.
“On the other hand, the coincident index which measures the overall economic performance, eased to 2.2 per cent y-o-y , in view of the recent resurgence in Omicron-led Covid-19 infections,” it said in a note today. This indicates a more sanguine economic outlook in the months ahead despite the surge in Covid-19 cases, it said.
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