Economists: Too early to tell if markets have bottomed out

PETALING JAYA: It’s too early to tell if the downtrend in the domestic economy and financial markets has bottomed out despite the more positive news flow and the stockmarket rallies of late, economists said.

AmResearch Sdn Bhd senior economist Manokaran Mottain said in a report that although the pace of drops in economic data had slowed, it was premature to claim that the manufacturing sector had started to recover.