PETALING JAYA: Malaysia’s economic contraction in the third quarter was the main reason for the downgrade of South-East Asia’s growth forecast for 2021, according to S&P Global Ratings.
In the “Asia-Pacific: Ghosts of Covid Past Hover Over 2022” report, S&P said it has marginally lowered South-East Asia’s forecast growth in 2021 to 3% from 3.1% earlier.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!