Malaysia on V-shaped recovery mode

Malaysia is poised for a V-shaped recovery as seen in the bullish performance of the domestic equity market, ringgit, and some economic data amid improved business as well investor confidence.

PETALING JAYA: Malaysia is poised for a V-shaped recovery as seen in the bullish performance of the domestic equity market, ringgit, and some economic data amid improved business as well investor confidence.

Inter-Pacific Asset Management Sdn Bhd chief executive officer Datuk Dr Nazri Khan Adam Khan said a full recovery is on the way soon for Malaysia as the economy is picking up in a V-shape after two consecutive quarters of contraction in the gross domestic product (GDP).