Finance minister: Malaysia set for recovery in 2021 with most employees back at work

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In line with the reopening of the economy which saw nearly 70 percent of the workforce returning to work in various sectors, Malaysia has the capacity that is set to spur economic recovery in 2021, Finance Minister Tengku Zafrul Tengku Abdul Aziz said. “We must rise again and record a positive Gross Domestic Product growth as opposed to the negative GDP forecast for this year in line with the global economic growth,” he said in an exclusive interview for a Bernama TV documentary on “Malaysians United Against Covid-19”. The International Monetary Fund (IMF) had forecast a three percent contraction in the global economy for this year due to the Covid-19 pandemic, he noted, adding that Malaysia’s economy, like those of other countries, would be affected. Recently, IMF managing director Kristalina Georgieva was reported as saying the global contraction might be even worse than the th…