Live Breaking News & Updates on Quarterly Economy Tracker
Stay updated with breaking news from Quarterly economy tracker. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
KUALA LUMPUR: Malaysia’s gross domestic product (GDP) is expected to grow by between four per cent and five per cent in the second half of 2023 (2H 2023) and by 4.5 per cent for the full year, said the Socio-Economic Research Centre (SERC). ....
PETALING JAYA: The domestic economy is expected to grow by 4% this year as it picks up pace in the fourth quarter amid downside risk. Socio-Economic Research Centre (SERC) executive director Lee Heng Guie said: “Our gross domestic product (GDP) growth estimate of 4% for this year is under threat, depending on the future path of virus containment, the pace of vaccination rate as well as the time it takes to move to phase two, three and four of the National Recovery Plan (NRP) for the reopening of more economic and social sectors.” The Pemerkasa Plus and National People’s Well-Being and Economic Recovery Package or Pemulih packages are providing a temporary relief to households and businesses. ....
Lee Heng Guie SERCSERC executive director Lee Heng Guie said how quickly and efficiently Malaysia can contain the virus within the first half of 2021 will be a key determining factor. PETALING JAYA: The Socio-Economic Research Centre (SERC) forecasts Malaysia’s gross domestic product (GDP) to grow between 4% and 6% this year, with the efficacy of the vaccine rollout and containment of the Covid-19 infection poised to play a critical role in economic recovery. SERC executive director Lee Heng Guie said how quickly and efficiently Malaysia can contain the virus within the first half of 2021 will be a key determining factor. “It really depends on how we perform in the first quarter or even the first half of this year. That will be key on whether we can meet our full-year GDP target, ” he said in a virtual briefing titled “Malaysia’s Quarterly Economy Tracker (October to December 2020) and 2021 Outlook.” ....
SERC lowers baseline estimate for Malaysia’s 2021 GDP growth to 4% 04 Feb 2021 / 22:46 H. SERC believes Budget 2022 will be a good time to bring up the idea of reintroducing the Goods and Services Tax. – BERNAMAPIX PETALING JAYA: The Socio-Economic Research Centre (SERC) has reduced its baseline estimate for Malaysia’s gross domestic product (GDP) growth to 4% for 2021, from an earlier projection of 5% to reflect the reintroduction of the movement control order (MCO 2.0). Its executive chairman Lee Heng Guie elaborated that the mark-down in the estimate was made for the movement restriction placed until Feb 4, but even with the extension of the order until Feb 18, the research house will not make further cuts to its estimate. ....