Fitch Solutions halved its real GDP outlook for Malaysia to 4.9% from 10% previously due to the latest Covid-19 outbreak and the lockdown measures taken to curb it.
KUALA LUMPUR: Fitch Solutions halved its real GDP outlook for Malaysia to 4.9% from 10% previously due to the latest Covid-19 outbreak and the lockdown measures taken to curb it.
It said on Monday it expects the lockdown to result in a resurgence in unemployment, which would significantly dim the prospects for a recovery in domestic demand.
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