Economy Malaysia to grow 6.3% to 7.5% in 2021, Zafrul says

Economy Malaysia to grow 6.3% to 7.5% in 2021, Zafrul says

KUALA LUMPUR: International agencies have forecast that Malaysia’s gross domestic product (GDP) in 2021 will be in the range of 6.3 per cent to 7.5 per cent, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

The Finance Minister said the projections are subject to Malaysia’s continued success in managing Covid-19, as well as in steering and nurturing the economy towards recovery and growth.

“As Malaysia is an open economy, whether our growth will be a U-shaped or V-shaped recovery will also depend on external factors such as the recovery of our major trading partners as well as the restoration of global supply chains,” he said in his welcoming address at Invest Malaysia 2020. – Bernama

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