GDP to grow 4% this year, predict economists

OCBC Bank economist Wellian Wiranto (pic) said the government had kept mum about any revision to its earlier 6% to 7.5% 2021 GDP forecast so far.

PETALING JAYA: Economists have projected Malaysia’s gross domestic product (GDP) to grow around 4% in 2021 following the announcement of the National Recovery Plan (NRP).

United Overseas Bank (M) Bhd (UOB Malaysia) senior economist Julia Goh (pic below) and economist Loke Siew Ting said the estimated period under the planned phases was in line with the bank’s assumptions when it revised downwards its full-year GDP projection to 4% for 2021 from 5% previously.