KUALA LUMPUR: A resurgence in Covid-19 cases in the country could lead to a softening economy, prompting Hong Leong Investment Bank (HLIB) Research to leave its 2022 gross domestic product forecast at the lower end of the Finance Ministry's range at 5.5%.
"Despite a reasonable chance that another lockdown can be averted, we are cognisant that economic softening could still ensue from reduced mobility as people self-impose restrictions," it said in an economics and strategy report.
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