Recovery likely to pick up pace in Q4

PETALING JAYA: The domestic economy is expected to grow by 4% this year as it picks up pace in the fourth quarter amid downside risk.

Socio-Economic Research Centre (SERC) executive director Lee Heng Guie said: “Our gross domestic product (GDP) growth estimate of 4% for this year is under threat, depending on the future path of virus containment, the pace of vaccination rate as well as the time it takes to move to phase two, three and four of the National Recovery Plan (NRP) for the reopening of more economic and social sectors.”