Malaysia’s economy is set to recover in 2021, driven by domestic support, although headwinds in 2020 will continue to persist next year and weigh on growth expectation.
In its 2021 market outlook presentation today, MIDF Research said that the COVID-19 pandemic will remain as the biggest threat to economic recovery, followed by other issues such as rising protectionism, geopolitical tension, political instability and volatility in commodity prices.
“Nevertheless, we opine that Malaysia’s economy will be able to grow by seven per cent year-on-year (y-o-y) in 2021, which falls in between Bank Negara Malaysia and Ministry of Finance’s growth target of 6.5 per cent to 7.5 per cent,” it said in a briefing today.
Source: BERNAMA
Read more at: https://www.bernama.com/en/business/news.php?id=1908146
