Malaysia is on Track to Economic Recovery; World Bank Projects 4.5% GDP Growth in 2021

Datuk Seri Mohamed Azmin Ali, Senior Minister cum Minister of International Trade and Industry of Malaysia, states that the country is on track towards economic recovery fuelled by increasing global demand, greater public and private sector funding and on-going policy support. This favourable outlook is supported by the World Bank’s most recent estimate of Malaysia’s 2021 economic growth at 4.5%.

Why it Matters?

Malaysia’s economic fundamentals have remained resilient during tough times, supported by the country’s broad-based economic structure, which has provided tailwinds to its competitiveness. Malaysia has formulated five National Investment Aspirations in an effort to reinvigorate national investments and strengthen long-t...