PETALING JAYA: While other countries in the region are still cautious about easing restrictions for international travellers, Malaysia’s transition into the endemic phase from April 1 will speed up the normalisation of social, economic and business activities say economists.
“The early transition in the second quarter will boost consumer and investor sentiment and strengthen the country’s prospects of achieving the 5.5% to 6.5% gross domestic product (GDP) growth expected this year,” said professor of economics at Sunway University Dr Yeah Kim Leng, adding that further easing of Covid-19 restrictions would benefit both the tourism and retail sectors.
