The Malaysian economic recovery process is expected to gain momentum with continuing support by consumer spending.

The Consumer Sentiments Index for 2Q2022 plummets 23 points q-o-q below the optimism threshold.

The Business Conditions Index has dropped to 96.2 points which is below the 100 threshold.

MALAYSIA was an active participant in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) negotiations.

The inflation rate was at 2.8% in May, and it averaged 2.4% for the first five months of the year.

The government's austerity drive is a necessary move to reallocate financial resources for the subsidy bill.