Malaysia Expects a Stronger GDP by End 2021: Finance Minister

According to Malaysia’s Finance Minister Tengku Zafrul Aziz, the country’s Gross Domestic Product (GDP) is showing signs of progress with a 24% increase from MYR 289.4 billion in the second quarter of 2020 to MYR 357.4 billion in the last quarter of 2020. According to Tengku Zafrul, the country’s ongoing National COVID-19 Immunisation Programme, its economic recovery plan, as well as the gradual reopening of the country’s economy and global trade were said to be the key drivers for the progress in the economy.

Why it matters?

Based on the gradual improvement of the nation’s GDP, Tengku Zafrul predicts progress in the economy saying that ‘the worst is behind us’ and that Malaysia will be back o...