Malaysia’s 2021 Economic Growth Rate Subject to Effective Management of COVID-19 Recovery: Finance Minister

Speaking at Invest Malaysia 2020, Finance Minister Tengku Datuk Seri Zafrul Aziz stated that in order for Malaysia to meet its estimated gross domestic product (GDP) growth targets of between 6.3% and 7.5% in 2021 (as estimated by international agencies), continuing the successful management of COVID-19 was crucial.

The Minister stated that although the infection rate has been low and the recovery rate high, the public are being reminded to avoid complacency and take precautionary measures. Tengku Zafrul added that it was important to avoid an economic crisis and that the two stimulus packages introduced, namely the Prihatin Rakyat Economic Stimulus Package and the National Economic Recovery Plan, were vital to this ag...