KUALA LUMPUR: HSBC Group has revised its forecast on Malaysia's real gross domestic product (GDP) growth for 2021 to 5.7 per cent from the 6.7 per cent projected earlier this year.
HSBC chief economist for ASEAN market Joseph Incalcaterra said the downward revision had to do with the re-implementation of the Movement Control Order (MCO) by the government in January to control the third wave of the COVID-19 pandemic.
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