MIER forecasts real GDP growth for 2021 at 4%

KUALA LUMPUR: Malaysia’s real gross domestic product (GDP) growth for 2021 is estimated at 4.0 per cent, below the average 4.9 per cent during the pre-COVID-19 period, but the economy is clearly on the path of a V-shaped recovery, said the Malaysian Institute of Economic Research (MIER).

In its latest Malaysian Economic Outlook, Third Quarter 2021 report, MIER said the estimated GDP is determined based on this year’s macroeconomic performance, unfavourable developments and challenges which have affected the Malaysian economy.