Monday, 21 Dec 2020 04:21 PM MYT
Malaysia is projected to grow by 6.7 per cent in 2021, which could be attributed to a rebound from a low base in 2020. Bernama pic
Subscribe to our Telegram channel for the latest updates on news you need to know.
KUALA LUMPUR, Dec 21 While Malaysia is on the path towards economic recovery, containing the Covid-19 pandemic and protecting the most vulnerable must remain the country’s topmost priorities over the near term.
World Bank Group senior economist Shakira Teh Sharifuddin said Malaysia is projected to grow by 6.7 per cent in 2021, which could be attributed to a rebound from a low base in 2020, continued improvements in exports, as well as a gradual build-up of momentum in private consumption and investment.
Modern Diplomacy
Published 3 months ago
Malaysia’s economy is expected to grow by 6.7 percent in 2021 following a projected contraction of 5.8 percent in 2020 caused by the COVID-19 pandemic, according to the latest edition of the
World Bank Malaysia Economic Monitor: Sowing the Seeds launched today. The successful containment of the third wave and effective roll out and distribution of vaccine could lead to a faster-than-expected recovery in consumer demand, greater investor confidence, and consequently a more robust recovery in domestic economic activity in 2021
Signs of recovery are showing with Malaysia posting a smaller contraction of 2.7 percent in Q3 2020 compared to a 17.1 percent in Q2 2020. Fiscal measures like cash transfers and wage subsidies have boosted household spending with private consumption contracting 2.1 percent in Q3 2020 compared to 18.5 percent in Q2 2020. However, the recent surge in COVID-19 cases and renewed movement controls could slow recovery do
Malaysian economy showing signs of recovery, projected to grow by 6 7 percent in 2021 following a contraction of 5 8 percent miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.
PRESS RELEASE December 17, 2020
Malaysian economy showing signs of recovery, projected to grow by 6.7 percent in 2021 following a contraction of 5.8 percent in 2020
Email
KUALA LUMPUR, December 17, 2020 – Malaysia’s economy is expected to grow by 6.7 percent in 2021 following a projected contraction of 5.8 percent in 2020 caused by the COVID-19 pandemic, according to the latest edition of the
World Bank Malaysia Economic Monitor: Sowing the Seeds launched today. The successful containment of the third wave and effective roll out and distribution of vaccine could lead to a faster-than-expected recovery in consumer demand, greater investor confidence, and consequently a more robust recovery in domestic economic activity in 2021