Economics

Malaysia Set for ‘Slow’ U-Shaped Recovery as Virus Risks Mount

Pace of growth slow due to new movement curbs: Trade Minister
Lawmakers have a responsibility to back 2021 budget next week

WATCH: Malaysia’s Trade Minister Azmin Ali says the country's economic recovery will likely be more U-shaped than V.(Source: Bloomberg)

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By Anisah Shukry, Yantoultra Ngui, and Haslinda Amin

November 19, 2020 at 10:00 PM UTC

This article is for subscribers only.

Malaysia’s economic recovery will likely be more U-shaped than V, dampened by renewed restrictions amid a resurgence of coronavirus infections, according to Trade Minister Azmin Ali.

The government is seeking to stamp out the virus without hurting businesses by bring back a national lockdown, Azmin said in an interview with Bloomberg TV. Still, he said more could be done to flatten the curve of rising cases.