KUALA LUMPUR, June 25 (NNN-Bernama) — Malaysia\u2019s economy will be able to bounce back quickly, whether at a rate of 4.5 per cent this year or 6.5 per cent later, but only if the country gets the recovery plan right, said crisis management analyst Nordin Abdullah.<\/p>\n\n\n\n
He reckoned that the country\u2019s economic recovery will be fast when the economy fully reopens later.<\/p>\n\n\n\n
\u201cMalaysia is a massive exporter\u2026 Exports will grow once the global economy picks up.<\/p>\n\n\n\n
\u201cNow we see Europe\u2019s economy picking up, while China and other parts of Asia are also starting to pick up,\u201d he said on Bernama TV\u2019s Midday Update programme here Friday.<\/p>\n\n\n\n
The 30-minute discussion, which highlighted the country\u2019s National Recovery Plan and the COVID-19 vaccine rollout, was hosted by Jessy Chahal.<\/p>\n\n\n\n
The World Bank has revised down Malaysia\u2019s Gross Domestic Product growth for 2021 to 4.5 per cent from six per cent earlier amid a dramatic resurgence of COVID-19 infections beginning in mid-April 2021.<\/p>\n\n\n\n
The global bank said the recent spike in infections has raised concerns about the overall capacity of Malaysia\u2019s health system while the impact of repeated lockdowns on households and companies is also a major worry.<\/p>\n\n\n\n
According to the World Bank\u2019s Malaysia Economic Monitor report, \u201cWeathering the Surge\u201d, released on Wednesday, the lower economic forecast reflected a slower pathway towards suppressing the pandemic and a slower-than-expected vaccine rollout.<\/p>\n\n\n\n
Malaysia\u2019s immediate priority must focus on the efficient and sustained management of the ongoing pandemic and its effects on individuals, households and firms, the report said.<\/p>\n\n\n\n
— NNN-BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"
KUALA LUMPUR, June 25 (NNN-Bernama) — Malaysia\u2019s economy will be able to bounce back quickly, whether at a rate of 4.5 per cent this year or 6.5 per cent later, but only if the country gets the recovery plan right, said crisis management analyst Nordin Abdullah. He reckoned that the country\u2019s economic recovery will be […]<\/p>\n","protected":false},"author":17,"featured_media":22946,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[215,288,300],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/128056"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=128056"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/128056\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/22946"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128056"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}