PUTRAJAYA: Malaysia has revised its Gross Domestic Product (GDP) growth to be in the range of 3.2% to 4.2% for 2020, says Tun Dr Mahathir Mohamad.
The interim Prime Minister said this is due to the global economic scenario and Covid-19 impact.
"I believe, the economic stimulus package will enable the Malaysian economy to achieve the highest point of the range.
" In formulating the stimulus package, the government exercised prudence with respect to its fiscal position.
"As a result of the stimulus package, fiscal deficit is estimated to slightly increase to 3.4% of GDP, compared to the original target of 3.2% of GDP," he said this when unveiling a stimulus package worth RM20bil to help cushion the effects of the Covid-19 outbreak.
The Government had initially forecast Malaysia's GDP growth for 2020 to be at 4.8%.