Challenges in maintaining economic recovery

Tough times for Malaysian economy in its battle against the Covid-19 as small shops ceased operations under the enhanced movement control order.

KUALA LUMPUR: Malaysian economy is anticipated to face challenges in preserving the recovery momentum as the Leading Index (LI) which acts as an indicator of the future movement of the overall economy eased to 6.9 per cent in May 2021 year-on-year (y-o-y) after rising 15.7 per cent in April, said the Department of Statistics Malaysia (DOSM).

Chief statistician Datuk Seri Mohd Uzir Mahidin said the growth was driven by real imports of other basic precious and other non-ferrous metals and the number of housing units approved.