Malaysia to cut 2021 GDP growth outlook


“We’re in the midst of revising to a lower number and will share the exact number after we get data from the ground, ” Tengku Zafrul said.

PETALING JAYA: Malaysia will lower its economic growth outlook for this year due to movement restrictions against Covid-19, the country’s finance minister said, signalling the government may forecast expansion around 4%.

While there’s optimism that the current surge in cases can be contained and lockdowns can be eased, the government still expects to lower its gross domestic product estimate for 2021, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said yesterday in an interview with Bloomberg TV.

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


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!
GDP , growth , outlook , Tengku Zafrul

Next In Business News

Powell repeats rate cuts can wait as Fed studies tariff impacts
Irelia emerges as substantial shareholder in Parkson with 6.81% stake
Peterlabs lifts suspension of ED
SSF Home reports RM5.9mil net profit in FY25
IGB REIT proposes RM2.65bil acquisition of The Mall, Mid Valley Southkey in Johor
Ringgit rises against US dollar at the close on easing tensions in Middle East
Unique Fire shares to transfer to Main Market on June 26
CIMB expects electricity tariff reform to have minimal inflation impact
Uni Wall bags RM89.64mil construction job
Hektar REIT expands into industrial and green energy with RM26mil Terramark deal

Others Also Read