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