,The World Bank has revised Malaysia’s economic growth projection to 3.3% in 2021, down from the 4.5% forecast in June. – The Malaysian Insight file pic, September 28, 2021.
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THE World Bank has revised Malaysia’s economic growth projection to 3.3% in 2021, down from the 4.5% forecast in June.
It said the ongoing movement-control orders, increased precautionary behaviour and subdued labour market conditions were expected to weigh down further on private consumption and overall economic growth, especially for services-related sectors, which had been heavily impacted by movement restrictions.