UOB Malaysia Research's 10 signs of turnaround in economy

Among the factors for UOB Global Economics and Markets Research's cautious optimism were the improvement in manufacturing activity index, business sentiment, gross exports, industrial production and headline inflation.

KUALA LUMPUR: UOB Global Economics and Markets Research is cautiously optimistic about the outlook for Malaysia as some early signs of a turnaround have emerged despite concerns of waning growth momentum and persistent downside risks.

In its research outlook for the Malaysian economy, UOB Malaysia Research said there were 10 signs of a turnaround in the economy as it maintained its GDP forecast of 4.4% for 2020 versus estimated 4.6% in 2019.