[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-108823-en":3,"doc-seo-108823-105":30,"detail-sidebar-cat-0-en-105":96},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":13,"seo_description":14,"update_tm":28,"read_time":29},108823,2336464648746,"Skyler","https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c",8,"Research & Report","Malaysia Economic Monitor - December 2020 - Sowing the Seeds","Malaysia Economic Monitor (December 2020) examines the severe damage COVID-19 has inflicted on Malaysia’s economy through a triple shock: direct health effects, domestic movement restrictions, and a synchronized global recession affecting tradeable sectors. After the sharpest downturn in two decades, the report projects 6.7% growth for 2021 but stresses major uncertainties around vaccine deployment and global recovery strength. It reviews government response packages and highlights the fiscal constraints and debt burdens that limit future stimulus. It also analyzes how food and agriculture can support resilient recovery and inclusive, long-term growth.","A hut r l Disclosure Authorized  \nMALAYSIA Sowing the Seeds ECONOMIC  \nMONITOR  \n DECEMBER 2020     \nsure Authorized Pub lic Disclosure  \nCONNECT WITH US  \n [wbg.org/Malaysia](wbg.org/Malaysia)[ ](wbg.org/Malaysia) @WorldBankMalaysia  \n @WB_AsiaPacific  [http://bit.ly/WB_blogsMY](http://bit.ly/WB_blogsMY)  \nTable of Contents  \nSummary  2  \nPART ONE  \nRecent economic developments  4  \nEconomic outlook  9  \nPART TWO  \nSowing the seeds  36  \nMALAYSIA ECONOMIC MONITOR | DECEMBER 2020 1  \nSummary  \nThe COVID-19 pandemic has exacted a heavy toll on Malaysia’s economy  \nIn 2020, the country experienced its sharpest recession in twenty years due to the impact of a triple shock related to the direct health impact of the pandemic; the economic impact of domestic restrictions on movement; and the impact of a synchronized global recession on Malaysia’s tradeable sectors .  \nMalaysia’s economy is projected to grow by 6.7 percent in 2021, after contracting by 5.8 percent in 2020. However, the rebound in economic activity is subject to numerous uncertainties such as the deployment of an effective vaccine and the robustness of a rebound in global growth. Notwithstanding a growth rebound in 2021, Malaysia is not expected to recover fully from the shock of COVID-19 within the next few years .  \nThe Malaysian government has delivered a series of economic response packages to mitigate the impact of the crisis. Public policies, including cash transfers, wage subsidies and loan moratoria, have helped reduce the impact of the pandemic on vulnerable households and firms .  \nThe rebound in economic activity is subject to numerous uncertainties such as the deployment of an effective vaccine and the robustness of a recovery in global growth  \nWhile these measures have been vitally necessary, they have been implemented at a time when the government is experiencing a dramatic decline in revenues, creating a challenge to the mediumterm fiscal outlook. Like governments across the world, Malaysia has depleted much of its available fiscal space and will exit the crisis with a larger burden of debt and contingent liabilities . This has resulted in difficult intertemporal constraints for the government to  \n2 MALAYSIA ECONOMIC MONITOR | DECEMBER 2020  \nSummary  \nfurther expand expenditures on relief measures and consumptionsupporting stimulus today, which may leave the government less equipped to invest in lasting recovery and growth tomorrow without the support of a stronger revenue base.  \nWhen the current situation stabilizes and recovery becomes more entrenched, the government should refocus its fiscal policy to rebuild buffers against future shocks and to sustain public financing for inclusive, long-term growth. Addressing the fiscal legacies of the present crisis and the pre-existing structural weaknesses constraining the government’s ability to counter economic shocks and sustainably finance shared prosperity will require comprehensive medium-term plans to enhance revenue mobilization.  \nLooking to the future, to seize new growth opportunities and to overcome potentially long-lasting challenges brought on by the COVID-19 crisis, the government will need to consider bold structural reforms intended to ensure more durable, inclusive growth in a post-pandemic environment. Beyond its shortterm consequences, the unique nature of the pandemic and its exceptional severity are also likely to have profound effects on long-term growth prospects . These effects may arise from various interlinked factors that will exacerbate the demand and supply shocks that the economy is facing.  \nThe Malaysia Economic Monitor (MEM) consists of two parts.  \nPart 1 presents a review of recent economic developments and a  \nmacroeconomic outlook. Part 2 focuses on a selected special topic that is key to Malaysia’s medium-term development prospects and to the achievement of shared prosperity.  \nIn this edition, the focus of the special topic is on Malaysia’s food and agricultural sect","cbCaijf9SGW5QOQj","https://ap.wps.com/l/cbCaijf9SGW5QOQj","pdf",3441541,5,1,56,"English","en",105,"# Summary\n## Recent economic developments\n## Economic outlook\n# PART TWO\n## Sowing the seeds\n## Food and agricultural sector and policy implications","[{\"question\":\"Malaysia’s 2020 recession主要由哪些冲击造成？\",\"answer\":\"由与疫情直接健康影响相关的冲击、国内出行限制带来的经济冲击，以及与全球衰退同步对马来西亚可贸易部门造成的冲击共同构成。\"},{\"question\":\"报告如何看待2021年的经济前景与不确定性？\",\"answer\":\"预计2021年将增长6.7%，但复苏取决于有效疫苗的部署以及全球增长回升的稳健程度等多项不确定因素。\"},{\"question\":\"政府为缓解危机影响采取了哪些主要政策？\",\"answer\":\"通过现金转移、工资补贴和贷款宽限期等公共政策来减轻疫情对脆弱家庭和企业的冲击。\"},{\"question\":\"本期特别主题为什么聚焦“食物与农业部门”？\",\"answer\":\"报告认为疫情凸显了粮食体系的重要性与粮食安全的持续意义，并强调需要更全面考虑粮食政策面临的风险与机遇；同时指出农业部门在支持有韧性的复苏与未来增长方面的作用。\"}]",1784474195,141,{"code":4,"msg":31,"data":32},"ok",{"site_id":25,"language":24,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":91,"head_meta":93,"extra_data":95,"updated_unix":28},"malaysia-economic-monitor-december-2020-sowing-the-seeds","",{"@graph":36,"@context":90},[37,54,69],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,48,51],{"item":41,"name":42,"@type":43,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":47},"https://docshare.wps.com/document/","Document",2,{"item":49,"name":12,"@type":43,"position":50},"https://docshare.wps.com/document/research-report/",3,{"item":52,"name":13,"@type":43,"position":53},"https://docshare.wps.com/document/malaysia-economic-monitor-december-2020-sowing-the-seeds/108823/",4,{"url":52,"name":13,"@type":55,"author":56,"headline":13,"publisher":58,"fileFormat":61,"inLanguage":24,"description":14,"dateModified":62,"datePublished":63,"encodingFormat":61,"isAccessibleForFree":64,"interactionStatistic":65},"DigitalDocument",{"name":9,"@type":57},"Person",{"url":41,"name":59,"@type":60},"DocShare","Organization","application/pdf","2026-07-30","2026-07-19",true,{"@type":66,"interactionType":67,"userInteractionCount":20},"InteractionCounter",{"@type":68},"ViewAction",{"@type":70,"mainEntity":71},"FAQPage",[72,78,82,86],{"name":73,"@type":74,"acceptedAnswer":75},"Malaysia’s 2020 recession主要由哪些冲击造成？","Question",{"text":76,"@type":77},"由与疫情直接健康影响相关的冲击、国内出行限制带来的经济冲击，以及与全球衰退同步对马来西亚可贸易部门造成的冲击共同构成。","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"报告如何看待2021年的经济前景与不确定性？",{"text":81,"@type":77},"预计2021年将增长6.7%，但复苏取决于有效疫苗的部署以及全球增长回升的稳健程度等多项不确定因素。",{"name":83,"@type":74,"acceptedAnswer":84},"政府为缓解危机影响采取了哪些主要政策？",{"text":85,"@type":77},"通过现金转移、工资补贴和贷款宽限期等公共政策来减轻疫情对脆弱家庭和企业的冲击。",{"name":87,"@type":74,"acceptedAnswer":88},"本期特别主题为什么聚焦“食物与农业部门”？",{"text":89,"@type":77},"报告认为疫情凸显了粮食体系的重要性与粮食安全的持续意义，并强调需要更全面考虑粮食政策面临的风险与机遇；同时指出农业部门在支持有韧性的复苏与未来增长方面的作用。","https://schema.org",{"og:url":52,"og:type":92,"og:title":13,"og:site_name":59,"og:description":14},"article",{"robots":94,"canonical":52},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":97},[98,102,106,110,114,119,124,127,132,135,139],{"id":21,"doc_module":4,"doc_module_name":46,"category_name":99,"show_sort_weight":100,"slug":101},"Story & Novel",90,"story-novel",{"id":47,"doc_module":4,"doc_module_name":46,"category_name":103,"show_sort_weight":104,"slug":105},"Literature",80,"literature",{"id":53,"doc_module":4,"doc_module_name":46,"category_name":107,"show_sort_weight":108,"slug":109},"Exam",70,"exam",{"id":20,"doc_module":4,"doc_module_name":46,"category_name":111,"show_sort_weight":112,"slug":113},"Comic",60,"comic",{"id":115,"doc_module":4,"doc_module_name":46,"category_name":116,"show_sort_weight":117,"slug":118},6,"Technology",50,"technology",{"id":120,"doc_module":4,"doc_module_name":46,"category_name":121,"show_sort_weight":122,"slug":123},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":46,"category_name":12,"show_sort_weight":125,"slug":126},30,"research-report",{"id":128,"doc_module":4,"doc_module_name":46,"category_name":129,"show_sort_weight":130,"slug":131},9,"Religion & Spirituality",20,"religion-spirituality",{"id":130,"doc_module":4,"doc_module_name":46,"category_name":133,"show_sort_weight":130,"slug":134},"World Cup","world-cup",{"id":136,"doc_module":4,"doc_module_name":46,"category_name":137,"show_sort_weight":136,"slug":138},10,"Lifestyle","lifestyle",{"id":140,"doc_module":4,"doc_module_name":46,"category_name":141,"show_sort_weight":20,"slug":142},19,"General","general"]