COVID-19 impact: Malaysia’s economy contracts 17.1% in Q2, agriculture respite

COVID-19 impact: Malaysia’s economy contracts 17.1% in Q2, agriculture respite

The Malaysian Reserve-Economy·2020-08-14 14:43

MALAYSIA’S economy contracted 17.1 per cent in the second quarter of 2020, the worst double-digit quarterly decline since 1998 due to the unprecedented lockdown that was imposed to stem the spread of COVID-19 that brought the economy to almost a complete standstill.

In the fourth quarter of 1998, Malaysia posted a double-digit decline of 11.2 per cent. The second quarter of last year the country recorded a gross domestic product (GDP) of 4.9 per cent.

……

Read full article on The Malaysian Reserve-Economy

Business Economy

Comments

Leave a comment in Nestia App