{"id":128569,"date":"2021-06-29T18:59:41","date_gmt":"2021-06-29T10:59:41","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=128569"},"modified":"2021-06-29T18:59:41","modified_gmt":"2021-06-29T10:59:41","slug":"malaysia-to-revise-2021-gdp-growth-forecast-downwards","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=128569","title":{"rendered":"Malaysia To Revise 2021 GDP Growth Forecast Downwards"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>PUTRAJAYA, June 29 (NNN-Bernama) &#8212; Malaysia&#8217;s Gross Domestic Product (GDP) forecast for 2021 will be revised downwards, taking into account the impact of the Full Movement Control Order, said Finance Minister Tengku Zafrul Abdul Aziz.<\/p>\n\n\n\n<p>&#8220;The new forecast is expected to be announced in mid-August, together with a widened deficit figure,&#8221; he told a news conference here today.<\/p>\n\n\n\n<p>Previously, the government had projected the 2021 GDP growth to be between 6.0 per cent and 7.5 per cent.<\/p>\n\n\n\n<p>\u201cWe are now studying the cost of the current Movement Control Order under Phases 1, 2, 3 and 4 of the National Recovery Plan.<\/p>\n\n\n\n<p>\u201cPhase 4 may have a mitigating impact on the GDP with the introduction of the National People&#8217;s Well-Being and Economic Recovery Package (PEMULIH),&#8221; he said.<\/p>\n\n\n\n<p>Tengku Zafrul said the government was positive that the implementation of PEMULIH, unveiled by Prime Minister Muhyiddin Yassin yesterday, could uplift the GDP by two per cent.<\/p>\n\n\n\n<p>On the direct fiscal injection of RM10 billion under PEMULIH, he said the fund came from an increase in government revenue, partly from higher dividends from statutory bodies and government-linked companies, optimisation of expenditure, and an increase in borrowings.<\/p>\n\n\n\n<p>&#8212; NNN-BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PUTRAJAYA, June 29 (NNN-Bernama) &#8212; Malaysia&#8217;s Gross Domestic Product (GDP) forecast for 2021 will be revised downwards, taking into account the impact of the Full Movement Control Order, said Finance Minister Tengku Zafrul Abdul Aziz. &#8220;The new forecast is expected to be announced in mid-August, together with a widened deficit figure,&#8221; he told a news [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":68053,"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\/128569"}],"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=128569"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/128569\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/68053"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128569"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}