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World Bank lowers its GDP forecast for Malaysia
Jun 23, 2021
The World Bank has lowered its 2021 economic forecast for Malaysia.
It now expects GDP to grow by 4.5% this year, compared to its initial prediction of a 6% expansion.
The World Bank says it's due to the recent surge in COVID-19 cases, which resulted in the ongoing Movement Control Order.
It adds the country's immediate priority must focus on combating the pandemic so that we can gradually reopen the economy and ease restrictions.
More than 250k people given COVID-19 vaccine yesterday
Malaysia's number of daily COVID-19 vaccinations has hit a new high!
More than a quarter of a million people received the jab yesterday, with most of the doses given to first time recipients.
In all, more than 6.3 million doses have been administered under the National Immunisation Program.
New COVID-19 cases back to 5k
The number of new COVID-19 cases rose to past the 5,000 mark today.
5,244 cases were detected nationwide, with Selangor having the most cases.
Negeri Sembilan had the second most infections, followed by Sarawak and KL with over 500 cases each.
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