On the ringgit’s performance, global head of FX research Paul Mackel said the local currency, in line with Asian currencies, is resilient and has room to strengthen further, and is forecast to strengthen to 3.96 versus the US dollar by year-end.
KUALA LUMPUR: HSBC Group has projected Malaysia’s gross domestic product (GDP) growth for 2021 at 6.7% compared with an estimated 5.4% contraction last year.
Asian economics research co-head Frederic Neumann said the Movement Control Order (MCO) 2.0 currently in place was expected to pose economic challenges at the beginning of the year.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
