COVID-19: Malaysia to Start Seeing Economic Recovery by End 2020 Says World Bank

Malaysia is starting its post-COVID-19 phase by moving onto the recovery movement control order (MCO) on the 10th of June 2020. Dr Firas Raad, World Bank Country Manager for Malaysia, stated that the country is likely to start seeing an upturn in its economic cycle as early as the end of 2020, with growth expected in 2021.

Dr Raad stressed that Malaysia should primarily continue its focus on its effective public health measures in place to ensure that the virus does not return and trigger a second wave. Added to this, Dr Raad noted that pro-growth policies and incentives to boost the private sector were detrimental to helping Malaysia weather the storm and sustain its recovery.

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