World Bank sees Malaysia’s GDP growing 6.7% next year

The World Bank said the 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.

KUALA LUMPUR: The World Bank expects Malaysia’s economy to grow by 6.7% next year after a projected contraction of 5.8% this year due to the impact of the Covid-19 pandemic.

It said on Thursday the positive factors which could help underpin the recovery would be the successful containment of the third wave of the19 infections.