Malaysia's economy is expected to expand further after favourable performance in Q1 2022

KUALA LUMPUR: Malaysia is optimistic that the economic recovery will continue to be resilient in the third quarter of 2022 (Q3 2022), notwithstanding external risks and downward pressure after favourable performance was seen in Q1 2022, according to the Department of Statistics Malaysia (DoSM).

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said many countries recorded a better performance in Q1 2022, indicating that economic improvement is underway in spite of multiple ongoing global crises causing disruptions in the supply chain, inflationary pressure and pushing for tightening of monetary policies.