Moderate rebound in H2

“We still think that private consumption is likely to improve in the third quarter (Q3) onwards. In fact, it is starting to improve in Q2. We are looking at a higher private consumption growth in the second half (H2) (6.7% growth versus 5% in H1), ” said Kenanga Investment Bank Bhd head of economic research Wan Suhaimie Wan Mohd Saidie (pic) said in an online presentation on the research unit’s market outlook for Q3 of 2021.

PETALING JAYA: Malaysia’s economic growth is forecast to rebound at a moderate pace in 2021, with Kenanga Research retaining its 2021 gross domestic product (GDP) forecast at 5% to 6% – which is lower than the government’s 6% to 7.5% forecast, which is expected to be revised downwards.

“We still think that private consumption is likely to improve in the third quarter (Q3) onwards. In fact, it is starting to improve in Q2. We are looking at a higher private consumption growth in the second half (H2) (6.7% growth versus 5% in H1), ” said Kenanga Investment Bank Bhd head of economic research Wan Suhaimie Wan Mohd Saidie (pic) said in an online presentation on the research unit’s market outlook for Q3 of 2021.