Economics

Malaysia to Cut 2021 GDP Growth Outlook, Likely Close to 4%

WATCH: Malaysian Finance Minister Zafrul discusses the outlook for the economy amid the coronavirus pandemic and the government's policies. Daybreak: Asia." (Source: Bloomberg)

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By Yantoultra Ngui and Sophie Kamaruddin

July 12, 2021 at 12:49 AM UTC

Updated on

July 12, 2021 at 10:29 AM UTC

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Malaysia will lower its economic growth outlook for this year due to movement restrictions against Covid, the country’s finance minister said, signaling the government may forecast expansion around 4%.