Growth trajectory for 2021 on track despite CMCO - BNM governor

The country's growth trajectory for 2021 remains on track amid positive indicators in the economy despite a resurgence of the Covid-19 virus and containment measures, Bank Negara Malaysia (BNM) Governor Nor Shamsiah Mohd Yunus said.

“The third quarter Gross Domestic Product (GDP) came in much better than consensus forecast and will put us on the path of growth trajectory," she said.

Malaysia's economy saw a contraction/growth of -2.7 per cent in the third quarter, an improvement from a -17.1 per cent registered in the second quarter as it took the full brunt of the movement control order (MCO).