KUALA LUMPUR, Aug 19 — Moody’s Analytics is expecting the global real gross domestic product (GDP) to rebound 5.7 per cent in 2021, following the historic 3.6 per cent contraction in 2020. It said the relatively strong outlook is based on the passage of the new fiscal stimulus in the...
KUALA LUMPUR, Aug 19 — Moody’s Analytics is expecting the global real gross domestic product to rebound 5.7 per cent in 2021, following the historic 3.6 per cent contraction in 2020.
It said the US is expected to lead the gains with a strong 6.4 per cent rebound in 2021, followed by Asia with a 6.1 per cent expansion, anchored by China’s stabilising growth and India’s turnaround in the post-restriction phase. “In severely impacted countries, such as Malaysia and the Philippines, restrictions have lacked effectiveness in containing outbreaks, thereby mandating an extension of inhibiting curbs.
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