The Malaysian economy is projected to expand between 6.0 percent and 7.5 percent in 2021 compared with a contraction of 5.6 percent in 2020, supported by domestic factors such as consumption and a brighter external environment fuelled by vaccine rollout.

Besides inoculation, less stringent containment measures and Covid-19, gradual improvement in labour market conditions, continued policy support for household and businesses, as well as improving external demand amid technology upcycle will drive economic recovery.

“Malaysian economy to rebound in 2021, with the gross domestic product (GDP) achieving pre-Covid-19 levels by...