Tag: Malaysia GDP growth
World Bank lowers Malaysia GDP growth due to pandemic.
The World Bank has reduced Malaysia's GDP growth projection to 4.5% from 6% in 2021, citing concerns about COVID-19 resurgence, healthcare system capacity, and economic disruptions. The downgrade reflects a slower pandemic containment strategy and vaccination rollout, impacting both families and businesses.
Malaysia’s Economic outlook improves but challenges remain
Malaysia's economic outlook shows promise despite pandemic challenges. The Statistics department reports positive March indicators, highlighting growth in approved housing units, metal imports, and new company registrations. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin notes improvements in the leading index.
