World Bank revises down M'sia' GDP growth to 4.5 pct

Malaysia’s economy is projected to grow by 4.5 percent in 2021 compared to an earlier forecast of 6.0 percent, amid a dramatic resurgence of the Covid-19 infections beginning mid-April this year, said the World Bank.

According to its 'Malaysia Economic Monitor: Weathering the Surge' report launched today, the recent spike in infections has raised concerns about the overall capacity of Malaysia’s health system and the effects of the ongoing cycle of opening...