Labour market to face challenges in 2H22


United Overseas Bank (UOB) economists Julia Goh and Loke Siew Ting said several key industries continue to face labour shortages as reopening activities spur demand.

PETALING JAYA: The demand for labour in Malaysia is expected to increase in the coming months, in line with the recovery in economic activities.

However, the prospects of the domestic labour market could be capped by several headwinds, including the risk of recession, high costs and labour shortages.

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Malaysia , economy , inflation , recession ,

   

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