Economy to rebound between 6.0-7.5 pct this year - BNM governor

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The Malaysian economy is projected to expand between 6.0 percent and 7.5 percent in 2021 compared with a contraction of 5.6 percent in 2020, supported by domestic factors such as consumption and a brighter external environment fuelled by vaccine rollout.Besides inoculation, less stringent containment measures and Covid-19, gradual improvement in labour market conditions, continued policy support for household and businesses, as well as improving external demand amid technology upcycle will drive economic recovery.“Malaysian economy to rebound in 2021, with the gross domestic product (GDP) achieving pre-Covid-19 levels by mid-2021,” Bank Negara Malaysia (BNM) governor Nor Shamsiah Mohd Yunus (above) told an editor briefing session on Tuesday.The construction sector is expected to grow 13.4 percent in 2021 compared with -19.4 in 2020, the services sector to expand 6.6 percent in…