Economics
Malaysia Lowers Growth Forecast on Worsening Virus Outbreak
- Central bank now sees the economy growing 3%-4% this year
- Infections continue to hit record, driven by delta variant
A near-empty street near the Petronas Twin Towers during a Movement Control Order in Kuala Lumpur, on Aug. 11.
Photographer: Samsul Said/BloombergThis article is for subscribers only.
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Malaysia lowered its 2021 economic growth forecast for a second time, as renewed movement restrictions and rising infections hamper the recovery.