Despite pandemic, Malaysia aims for high growth in new economic plan

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DPA

Malaysia’s government hopes economic growth can rebound from the worst of the pandemic to more than 5 per cent a year, Prime Minister Ismail Sabri Yaakob said on Monday, as he announced the latest version of an official five-year blueprint. “Malaysia also has not been spared from the effects of the pandemic,” the prime minister said, tabling the 12th Malaysia Plan in parliament. Malaysia’s economy, South-East Asia’s third-wealthiest, measured per capita, shrank by more than 5 per cent last year, with much of the damage done during a second quarter pandemic lockdown. Ismail Sabri’s government t…

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