PETALING JAYA: The Malaysian economy is expected to grow by 5.1% this year compared to last year’s 5.4% contraction as the country’s recession is shallowing amid the third wave of Covid-19.
Maybank Investment Bank Bhd chief economist Suhaimi Ilias said the forecast was conservative relative to the current official forecast of the smaller decline of 4.5% last year with the economy to grow between 6.5% to 7.5% in 2021.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!