Nor Shamsiah believes the country’s economic recovery is on ‘firm footing’. — Picture by Hari Anggara
KUALA LUMPUR, March 30 — Malaysia’s real gross domestic product for this year is expected to grow between 5.3 and over 6 per cent, underpinned by stronger global trade and the reopening of international borders, Bank Negara Malaysia (BNM) said today.
South-east Asia’s third biggest economy grew 3.1 per cent in 2021, a rebound from 2020’s contraction supported by the easing of movement curbs and higher vaccination even as Covid-19 continued to shape the global economy.
BNM Governor Tan Sri Nor Shamsiah Yunus told a press conference this morning she believes the country’s economic recovery is on “firm footing” although the novel coronavirus and the ongoing Russian-Ukrainian conflict still pose risks.
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