Fitch Solutions predicts 0% GDP growth for 2021
CREDIT rating agency Fitch Solutions has revised Malaysia’s gross domestic growth for 2021 to 0% from 4.9% previously due to Covid-19 cases remaining high and a continued forecast of lockdowns for the rest of the year.
CREDIT rating agency Fitch Solutions has revised Malaysia’s gross domestic growth for 2021 to 0% from 4.9% previously due to Covid-19 cases remaining high and a continued forecast of lockdowns for the rest of the year. Its note, dated August 13 before relaxed conditions were announced yesterday, said the economy would remain stagnant from last year, when the pandemic began.
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