Malaysia Gdp Growth Rate 2021
Finance minister tengku zafrul aziz says malaysia s economy is projected to grow by up to 8 in 2021 as one of the nations in east asia recording the fastest economic growth.
Malaysia gdp growth rate 2021. The economy grew 0 7 in the first quarter of 2020. The imf s latest 2021 projection for malaysia is higher than fitch ratings growth forecast of 5 8. Plecher may 12 2020. Malaysia s gdp contracted 8 3 year on year in the first half of 2020 a sharp reversal of the 4 7 expansion in the same period of last year.
Global growth is expected to rebound to 5 8 in 2021 well above trend reflecting the normalisation of economic activity from very low levels said the imf in a report released yesterday. Looking forward we estimate gdp annual growth rate in malaysia to stand at 4 50 in 12 months time. The asian development bank adb has maintained its gross domestic product gdp forecast of 6 5 per cent for malaysia next year in its september update but downgraded 2020 growth.