The COVID-19 pandemic overshadowed some of the year’s biggest events and set well-laid plans into a tailspin. Now, on the brink of a new year, as economies look to open up, the focus is firmly on the future. In Malaysia, as the government eases pandemic-imposed curbs, businesses are hopeful that the year ahead may be one of recovery, but they’re not out of the woods yet.
In November, after a contraction in the third quarter, Malaysia’s central bank announced that 2021 would offer a healthier outlook. Reuters reported. The same month, as the government released a budget-focused around COVID-19 recovery, it projected that the country’s economy would rebound with growth in the new year.