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World Bank: Containing Covid-19 must remain Malaysia s top priority | Money

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.

Malaysian economy showing signs of recovery, projected to grow by 6 7 percent in 2021

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

Malaysia s economy to grow 6 7 pct in 2021: World Bank Group

Malaysia s economy to grow 6.7 pct in 2021: World Bank Group Ayisy Yusof © Provided by New Straits Times The World Bank Group predicts Malaysia’s economy is likely to grow by 6.7 per cent in 2021 following a projected contraction of 5.8 per cent in 2020 caused by the Covid-19 pandemic. NSTP/WEB KUALA LUMPUR: Malaysia s economy is likely to grow by 6.7 per cent in 2021 following a projected contraction of 5.8 per cent in 2020 caused by the Covid-19 pandemic, according to the World Bank Group. In its latest edition of the World Bank Malaysia Economic Monitor: Sowing the Seeds launched today, the report revealed that 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.

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