Fitch Ratings’ outlook for Malaysia underlines fiscal measures taken to cushion the blow of Covid-19, says the finance minister.
Finance Minister Tengku Zafrul Aziz said the rating agency also predicted the nation’s economy to record a 5.8% growth in 2021. Tengku Zafrul said the revision in ratings meant those countries exhibited weaker prospects of growth and fiscal positions compared to before the pandemic. “Reinforcing Malaysia’s external resilience is our highly liquid and deep domestic government bond market and the presence of strong domestic institutional investors.
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