Malaysian economy grows, but pandemic risks remain

SINGAPORE – Malaysia’s economy is firmly in recovery territory with full-year growth for 2021 having expanded within the official forecast range at 3.1% after a rebound in the final quarter of last year.

But Southeast Asia’s third-largest economy isn’t out of the woods as inflationary headwinds threaten to stymie growth-spurring private consumption.   

Authorities are also now battling a surge in Covid-19 cases fueled by the highly transmissible Omicron variant, which has driven up daily infections fivefold. The country reported a record high of 27,831 cases on February 16, adding to a cumulative total of more than three million since the pandemic started.

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