Moody’s: Global trade to play a role in rebound


Credit Suisse has projected Malaysia to deliver 2021 gross domestic product (GDP) growth of 6.0%, ranking second-highest in Asean after the Philippines.

KUALA LUMPUR: Malaysia’s massive Budget 2021 will cushion the economic downturn, but the country’s rebound will depend on the return of global trade, says Moody’s Analytics.

Economist Denise Cheok said lockdowns across Europe and the United States pose significant downside risks, even with vaccine rollouts.

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