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Ringgit to recover as economy emerges from 'double-dip' recession - HSBC

HSBC Group believes the undervalued ringgit will recover in 2022 as Malaysia’s economy emerges from a ‘double-dip’ recession despite a lot of uncertainties.

Asian economics research co-head Frederic Neumann said even though the US dollar-Malaysian ringgit pairing is hovering near its year-to-date high due to various external challenges, the bank is optimistic about Malaysia’s consumption prospects and exports outlook.

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