Chief statistician Datuk Seri Dr Mohd Uzir Mahidin
KUALA LUMPUR: Malaysia is expected to see softer economic growth in the months ahead after the Leading Index (LI), which gauges economic direction, showed a slower year-on-year growth of 0.7% in January this year compared to 1.9% in December 2019, said the Statistics Department.
Chief statistician Datuk Seri Dr Mohd Uzir Mahidin (pic) said the index for reference month January 2020 had not taken into account the internal shocks that had a direct impact on the economy, notably the Covid-19 pandemic plaguing Malaysia since Jan 23.
“These pandemic effects are expected to be reflected in the index of subsequent month, ” he said in a statement yesterday.
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