Hit by Covid-19 curbs, Malaysia posts record low GDP of -17.1pc in second quarter of 2020

Hit by Covid-19 curbs, Malaysia posts record low GDP of -17.1pc in second quarter of 2020

Malay Mail Online - Money·2020-08-14 15:03

Malaysia posted a record low GDP of -17.1p in the second quarter this year, the lowest growth since the country was hit by the Asian Financial Crisis in1998. — Picture by Hari Anggara

KUALA LUMPUR, Aug 14 ― Malaysia's economy contracted by 17.1 per cent in the second quarter this year as the Covid-19 pandemic took a heavy toll on exports and domestic consumption.

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