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.