Economic growth likely to recover in 2021 - analysts

The country’s economic growth is likely to recover strongly in 2021, with Bank Negara Malaysia (BNM) revising its gross domestic product (GDP) forecast to between 6.5 percent and 7.5 percent from 5.5 percent to 8 percent on the back of fiscal and monetary stimulus tailwinds, CGS-CIMB Securities Sdn Bhd said.

The research firm added while the economy will likely trail its pre-Covid-19 trend until 2021, the recent BNM policy statement indicated that current monetary settings were adequately supportive.