Resumption of China's outbound travel to boost Malaysia's GDP: economists

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Resumption of China's outbound travel to boost Malaysia's GDP: economists

STORY: Resumption of China's outbound travel to boost Malaysia's GDP: economists DATELINE: Feb. 5, 2023 LENGTH: 0:01:35 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of Kuala Lumpur streets 2. various of Kuala Lumpur airport 3. various of Chinese tourists in Thailand 4. various of Kuala Lumpur streets 5. various of Chinese tourists in Thailand STORYLINE: The effect of stronger tourism activity due to the resumption of China's outbound travel could boost Malaysia's gross domestic product (GDP) by at least 1 percentage point. The remark was made by UOB Global Economics & Market Research on Friday. According to the research house's economists, the boost will further support their baseline GDP growth forecast for Malaysia of 4 percent for 2023. The economists said the global tourism sector is expected to make a big leap forward this year as China has eased domestic restrictions since Jan. 8 this year. They highlighted that more than 32 million Chinese travelers visited Southeast Asia before

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