BENGALURU : Malaysia's economic growth likely gathered pace in the last quarter, driven by stronger demand following a relaxation of COVID-19 measures, but a prolonged slowdown in China could have significant knock-on effects, a Reuters poll found.
"Malaysia's growth improvement in 1Q22 was likely underpinned by stronger domestic demand driven by private consumption and services activities," said Chua Han Teng, economist at DBS. Demand for Malaysian palm oil is set to rise after top producer Indonesia temporarily banned shipments last month in a bid to tame soaring domestic cooking oil prices.
Source: Financial Digest (financialdigest.net)
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