Fitch Solutions revises up Malaysia’s 2021 economic growth forecast hinh anh 1In Kuala Lumpur, Malaysia (Photo: Xinhua)

Kuala Lumpur (VNA) – Credit rating agency Fitch Solutions has revised up Malaysia's 2021 economic growth forecast to 1.5 percent from zero percent as the COVID-19 situation in the Southeast Asian country has improved. 

In its note, Fitch said Malaysia's daily COVID-19 cases slipped from a peak of 24,599 on August 26 to about 6,000 on October 21, and a downtrend appears to be entrenched.

The Malaysian Government has already re-opened the tourist resort of Langkawi, and international travel rules have been relaxed since October 11.

The agency’s forecast for 2022 remains at 5.5 percent for now, with the economy likely to post a stronger recovery thanks to higher vaccination rates. 

It also raised its prediction for the country's private consumption to 0.5 percent from minus 2 percent previously./.