KUALA LUMPUR (Bernama): Malaysia's economy can be expected to be on the recovery path starting from the end of this year and return to growth into 2021, says the World Bank.
Its country manager for Malaysia, Dr Firas Raad, said the country needed to continue with its encouraging and effective public health measures while bringing the economy back to where it was before the Covid-19 pandemic.
"Aside from that, continue supporting vulnerable households and focus on the firms that need support and recovery, especially the small and medium enterprises , and then start to think about the medium-term reform agendas," he said in The Nation programme themed"Economic Recovery Plan " on Bernama TV Monday .
He added that the World Bank is in the midst of reviewing the economic impact of the Covid-19 outbreak on Malaysia’s economy before deciding whether to revise the country’s 2020 gross domestic product growth target, sometime this month.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Malaysia back on growth track next year, says World BankThe bank's country manager says the government must support households and small firms before planning medium-term reforms. FMTNews MalaysianEconomy
Read more »
'Kita minta lesen, dia hulur kad bank'ShahAlam Kerana mabuk, seorang lelaki warga tempatan menyerahkan kad bank ketika polis meminta dia menyerahkan kad pengenalan dan lesen memandu.
Read more »
Lelaki mabuk serah kad bankshahalam Akibat mabuk, seorang lelaki tempatan menyerahkan kad bank apabila diminta menyerahkan kad pengenalan diri dan lesen kenderaan.
Read more »
Israelis rally against Netanyahu's West Bank annexation planIsraeli PM's proposal envisions the creation of a Palestinian state, but on reduced territory. FMTNews Israel Palestine
Read more »
Hong Kongers rush for offshore bank accounts over China law worriesMany Hong Kong residents are renewing their British National Overseas passports after the UK offered refuge. FMTNews HongKong China
Read more »