Malaysia: GDP expected to benefit from increasing tourism – UOB – by pabspiovano Malaysia GDP Banks
“The global tourism sector is expected to make a big leap this year as China reopens its borders and eases domestic restrictions sooner than expected since 8 Jan 2023. The World Tourism Organisation projects that international tourist arrivals could reach 80%-95% of pre-pandemic levels in 2023 despite lingering global headwinds.”
“Key risks to Malaysia’s tourism outlook include a weaker global outlook, slower China recovery and return of China tourists, capacity constraints, and inflation risks.
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