‘Transition to endemic phase a boost to economy’

KUALA LUMPUR: Malaysia’s economy is expected to strengthen this year as the country transitions to the endemic phase, starting with the reopening of international borders.

Gross domestic product (GDP) growth is projected to be around 6% (2021: 3.1%) for the year, and the first-quarter GDP is likely to record a growth of 5% to 6% (2021: minus 0.5%).