KUALA LUMPUR, July 30 ― Malaysia's economy is expected to face challenges in maintaining its recovery momentum amidst the continuous Covid-19 outbreak, said the Department of the Statistics today.
“To overcome this situation, the government has undertaken vigorous actions by speeding up the vaccination programme and introducing the National Recovery Plan,” he said in a statement today. In line with the low base effect, Malaysia's trade surged year-on-year by 48.7 per cent in May 2021, continuing the double-digit growth for four consecutive months.
In terms of prices, Malaysia's inflation rate in May 2021 surpassed 4.0 per cent for the second time this year, due to the continuous rise in the global food price index which hiked up food costs in Malaysia.
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