Muted growth seen for the economy

MALAYSIA and Singapore recently tweaked their economic forecasts for 2021. The difference is that while Malaysia slashed its target to 3% to 4%, the neighbouring city-state has upgraded its growth forecast for the year from 6% to 7%.

One may wonder how one country is doing better economically than the other, when both neighbouring countries have been affected by the spread of the delta variant of Covid-19 this year.