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Malaysia s economy to grow 6 7 pct in 2021: World Bank
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Malaysia s GDP to grow by 6 7% next year, says World Bank
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Thursday, 17 Dec 2020 01:37 PM MYT
A farmer works at a vegetable farm in Kapar November 3, 2020. ― Picture by Miera Zulyana
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KUALA LUMPUR, Dec 17 Malaysia plans to revisit its approach to agriculture by modernising the sector and adopting smart farming to boost farmers’ income and advance the sector.
Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said the sector remained important to the economy, even more so as the Covid-19 pandemic brought new perspectives on food security and jobs creation.
“Going forward, we want to make sure this sector continues to grow. Smart farming is going to be an important subject.
Thursday, 17 Dec 2020 09:02 PM MYT
BY KEERTAN AYAMANY
According to the World Bank, Malaysia’s fiscal deficit is expected to widen by 6 per cent of the country’s gross domestic product (GDP) in 2020. Picture by Ahmad Zamzahuri
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KUALA LUMPURs, Dec 17 The World Bank today said that it expects Malaysia’s fiscal deficit to widen by 6 per cent of the country’s gross domestic product (GDP) in 2020, along with the increase of federal government debt to 60.7 per cent of the GDP.
However, the international financial institution also reported that the nation’s economy would grow by 6.7 per cent in 2021, after a projected contraction of 5.8 per cent this year.
Thursday, 17 Dec 2020 03:16 PM MYT
BY KEERTAN AYAMANY
The World Bank highlighted that after the implementation of the RMCO, both internal and external demand rose in the third quarter. Picture by Miera Zulyana
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KUALA LUMPUR, Dec 17 The World Bank reported that Malaysia’s economy continued to decline during the third quarter of this year, posting a growth of -2.6 per cent.
However, it pointed out that this contraction was at a much lower rate than three months before, when it experienced a -17.1 per cent growth.
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