Malaysia economy likely returned to growth in Q4, Omicron a threat
- Malaysia’s GDP seen expanding 3.3% in Q4
- Q4 GDP data due at 0400 GMT, Feb. 11
BENGALURU, Feb 9 (Reuters) – Malaysia’s economy likely bounced back to growth in the final quarter of 2021, propelled by strong exports and private investments, but the fast-spreading Omicron coronavirus variant poses a threat to the outlook, a Reuters poll found.
Growth in Southeast Asia’s third-largest economy rebounded last quarter to 3.3% year-on-year after shrinking 4.5% in the July-September period, according to the median forecast of 20 economists polled Feb. 3-8.
Forecasts for the change in gross domestic product (GDP), due to be released on Feb. 11, ranged from 1.5% to 6.3%, highlighting uncertainty over the pandemic’s impact on output and activity.
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“Q4 2021’s economic recovery reflected relaxation of virus containment measures as Malaysia made further progress towards economic…
