Malaysia's economy is expected to rebound in 2022 as activities in the manufacturing, services and agriculture sectors have picked up, said Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed.
He said the oil and gas sector has also performed slightly better over the last few months.
"For 2022, we are a bit bullish about prospects as trade and investment have done well. So overall, I want to say that looking at supply side, whether it is manufacturing or agriculture or mining, there is evidence of pick up and all these indicators are pointing to a good recovery next year.
"We are cautiously optimistic and this is relevant in the context of domestic consumption and investment. We foresee a revival in domestic investment, and in domestic consumption as well," he said after the Advocacy Talks: Economic Planning Unit (EPU) briefing on the 12th Malaysia Plan (12MP) to EUROCHAM Malaysia here, today.