Skip to content Malaysia economy contracts 17.1% in 2nd quarter, worst slump since 1998 financial crisis

Read Full Article Here:

KUALA LUMPUR: Hard hit by the COVID-19 pandemic, Malaysia’s gross domestic product fell by 17.1 per cent in the second quarter of 2020.

According to the Department of Statistics, this was the Malaysian economy’s worst performance since the height of the Asian financial crisis in 1998.

She said it was “always expected” for growth in the second quarter to be weak.

“The COVID-19 pandemic had a devastating impact on the economy and this can be influenced by three key factors.

The recovery MCO is slated to end on Aug 31.

No comment yet, add your voice below!

Add a Comment

Your email address will not be published. Required fields are marked *

Related Articles