Economy to rebound 6% to 7.5% in 2021, says Bank Negara

KUALA LUMPUR: Bank Negara projects a domestic economic rebound of between 6% and 7.5% in 2021 as compared to a 5.6% contraction last year, driven mainly by higher domestic demand.

However, the central bank noted that progress will be uneven and shaped by several factors including the Covid-19 pandemic and vaccine rollout, the extent of external spillovers, sector-specific developments and the degree of improvement in labour market conditions.