KUALA LUMPUR, June 29 — Malaysia’s hope for a strong economic rebound will likely be dented by strict curbs imposed under Phase One of the National Recovery Plan, Datuk Seri Tengku Zafrul Abdul Aziz conceded today.
The finance minister said the government is expected to revise its growth forecast as a result of the current Covid-19 containment measures. Putrajaya is scheduled to announce a new forecast in August together with a widened deficit figure. The World Bank projected Malaysia’s GDP growth to be between 4 to 5 per cent to reflect the effects of mobility restrictions on output amid a resurgence in Covid-19 infections. It had initially projected a 6-7 per cent growth.
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