Malaysia’s 2019 annual GDP growth at 4.3% — slowest pace in ten years

Malaysia’s 2019 annual GDP growth at 4.3% — slowest pace in ten years

The Edge Markets - Malaysia·2020-02-12 12:32

KUALA LUMPUR (Feb 12): Malaysia’s annual gross domestic product (GDP) growth moderated to 4.3% in 2019 — the lowest level since the Global Financial Crisis in 2009.

The country’s fourth quarter of 2019 (4Q19) GDP growth slowed  to 3.6%, which is the lowest in 41 quarters since 3Q09,  according to Bank Negara Malaysia (BNM) statistics released today.

Speaking at a media briefing here today, BNM Governor Datuk Nor Shamsiah Mohd Yunus explained that the annual growth in 2019 was adversely affected by supply disruptions, especially in the commodity sector.

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