Bank Negara to unveil 2021 GDP outlook in March

As the country sought to contain the spread of the Covid-19 pandemic, the government tightened the travel curbs which impacted some of the industries. Malaysia’s economy shrank 3.4 per cent in Q4 2020 with the COVID-19 resurgence, bringing the full-year contraction to 5.6 per cent.

KUALA LUMPUR: The 2021 economic outlook will be published in Bank Negara Malaysia's (BNM) annual Economic & Monetary Review report to be released next month, said governor Datuk Nor Shamsiah Mohd Yunus.

"In accordance with tradition, we will firm up this year's growth forecast next month when we release our Economic & Monetary Review 2020, ” she told reporters during a virtual media conference to announce the fourth quarter (Q4) 2020 GDP today.