Malaysia: The Country’s Economy to Bounce Back in 2021

Datuk Seri Mustapa Mohamed, the Minister in the Prime Minister’s Department (Economy) of Malaysia, has predicted that Malaysia’s economy which is facing a contraction following the COVID-19 pandemic, will fully recover in 2021. The Minister added that the Government of Malaysia is focusing on measures to improve economic development and restore the nation to pre-pandemic levels.

Addressing local media reporters at the Chuping Valley Industrial Area, Mustapa Mohamed stated that almost all sectors in Malaysia have resumed operations with the retail sector regaining its grounds whilst the tourism sector is yet to strengthen. The Minister stated his expectation that the domestic tourism sector will strengthen in...