MARC forecasts Malaysia real GDP growth at 5.6% in 2021

KUALA LUMPUR (Bernama) -- Malaysian Rating Corporation Bhd (MARC) expects Malaysia's real gross domestic product (GDP) growth to rebound to 5.6% year-on-year (y-o-y) in 2021 as the Movement Control Order (MCO) 2.0 is less stringent than its previous iteration.

The country's GDP growth is expected to be supported by trade as exports outpace imports, albeit lower compared to pre-pandemic levels, it said.