growth projection

Ismail Sabri is confident that the country's economic growth projection of between 5.3 and 6.3 per cent this year can be achieved.

Malaysia's economic growth projection of between 5.3 and 6.3 pct this year is still on track, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Malaysia is on the right track to achieve its GDP growth projection for this year with the reopening of its international borders starting next week.

The World Bank has revised Malaysia's economic growth projection to 3.3 per cent in 2021, down from the 4.5 per cent forecast in June.

Nor Shamsiah said the new growth projections are lower compared to the previously-announced growth range.

The government is expected to revise the forecast of the country's gross domestic product (GDP) growth which was previously projected at between 6.0 per cent and 7.5 per cent for 2021.

International bodies such as the World Bank and the International Monetary Fund have revised upwards real GDP growth projections for Malaysia in 2021 up to 6.7 and 7 per cent, respectively.

The government's gross domestic product (GDP) growth projection of between 6.5 per cent and 7.5 per cent for next year, is an estimate based on the expected economic developments in 2021.

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