M'sian economy to contract 3.1 pct in 2020, grow 6.9 pct in 2021 - World Bank

Malaysia’s economy was projected to contract by 3.1 percent in 2020 due to a sharp slowdown in economic activities caused by the Covid-19 pandemic. The country was expected to resume growth in 2021 at 6.9 percent as the outbreak eased, said the World Bank.

“The near-term outlook, however, is unusually uncertain at present," it said in 'Surviving the Storm', its latest edition of the World Bank's Malaysia Economic Monitor.

“The pandemic, coupled with a changing world of work, also raises the need for a...