Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said this indicates that Malaysia’s near-term economic prospects are expected to face headwinds.
The LI is a predictive tool used to anticipate economic upturns and downturns in an average of four to sixIn a statement today, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said looking at the direction indicated by the decreasing growth rate of smoothed LI in January 2023, which remained below the 100.0 points trend, indicates that Malaysia’s near-term economic prospects are expected to face headwinds.
He said the number of new companies registered and real imports of semiconductors were among the components underpinning the country’s LI decline.
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