The economy is slowly growing. 

Malaysia’s gross domestic product is expected to grow between 6.5% and 7.5% in 2021, after a 4.5% contraction in 2020 owing to the Covid-19 pandemic.

The strong rebound in GDP growth will be driven by the anticipated improvement in global growth and international trade.

Besides, the government’s stimulus packages’ impact is expected to have spillover effects and provide an additional boost to the economy in 2021.

The Malaysian economy had shrunk 8.3% in the first half of 2020 owing to the ­Covid-19 pandemic, with a decline of 17.1% in the second quarter.

 

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