Asia Pacific Investment Bank (APIB) CEO Chris Wang is optimistic that with 2021 approaching, the growth and downward spiral of the economy for the past year that was triggered by the Covid-19 pandemic will come to an end.

APIB’s research division reports that Malaysia’s domestic and foreign consumption is recovering.

Thus the GDP growth forecast for 2021 is expected to rebound to a healthy 6.6 percent after contracting by 5.7 percent in 2020.