Malaysia’s economy expected to worsen as Covid-19 hits hard, says Fitch Solutions

Fitch Solutions has revised Malaysia's GDP growth for 2021 from 11.5% to 10% as the Covid-19 situation continues to spiral. – The Malaysian Insight pic by Najjua Zulkefli, February 1, 2021.

MALAYSIA’S economic outlook is going to worsen this year amid the Covid-19 pandemic, which has forced the government to impose a second movement-control order (MCO), predicted Fitch Solutions Country Risk and Industry Research.

The research arm of the Fitch Group slashed the gross domestic product (GDP) growth for 2021 from 11.5% to 10%, which will affect government spending.

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