Economic recovery depends on effective vaccine rollout – Fitch

Fitch Ratings has cited Malaysia's upcoming Covid-19 vaccination program as the main factor that would influence its economic outlook for 2021 and 2022.

The international rating agency said the stimulus package announced by the government on Jan 18 has not significantly changed its views on Malaysia's sovereign credit profile, and it is maintaining its 'BBB+ Stable' outlook following its downgrade last month.

It also viewed the government's 2021 fiscal deficit target of 5.4 percent...