Fitch retains long-term rating, GDP to grow 5.8% in 2021

Tan Sri Muhyiddin Yassin recently announced several important measures to shore up the economy amid the global Covid-19 pandemic.Fitch projected the Malaysian economy to register a growth of 5.8% in 2021.

PETALING JAYA: Fitch Ratings has affirmed Malaysia’s long-term foreign-currency issuer default rating (IDR) at “A-”. The agency has however revised the outlook from “stable” to “negative”.

According to a statement by Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz, yesterday, Fitch has also projected the Malaysian economy to register a growth of 5.8% in 2021.