KUALA LUMPUR, April 4 — Business sentiments in the first quarter of 2022 was expected to be positive amid the reopening of the country’s economy but full recovery remained uncertain, a joint survey has revealed.
“The share of firms citing economic weakness as a significant challenge dropped to 50 per cent from more than 80 per cent in the same period last year,” said a statement by RAM today. The statement also said that the joint survey, in which 140 respondents participated, found that around 55 per cent of firms have yet to recover to pre-Covid levels, particularly in the business services sector as well as small and medium enterprises and micro firms .
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