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Economy

Malaysia GDP to rebound up to 7.5% in 2021, central bank predicts

Economy to regain pre-pandemic level by midyear as vaccines accelerate

Malaysia's central bank expects a rebound in growth in 2021.   © Reuters

KUALA LUMPUR -- The Malaysian economy is expected to grow between 6% and 7.5% this year, the central bank said on Wednesday, with COVID-19 vaccinations and stronger external demand driving a recovery from the 5.6% contraction for 2020.

Central bank Gov. Nor Shamsiah Yunus said growth this year would also be underpinned by higher private and public expenditures, while an accelerating immunization campaign will improve confidence.

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