GDP between -2.0% and 0.5% in 2020


KUALA LUMPUR: The Malaysian economy is expected to see a contraction -2.0% at its worst and growth of 0.5% at its best in 2020, compared to 4.3% in 2019, against a highly challenging global economic outlook.

Bank Negara Malaysia (BNM) in its 2019 Economic Monetary Review on Friday said the domestic economy will be impacted by the necessary global and domestic actions taken to contain the outbreak.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Bank Negara , GDP , Covid-19

Next In Business News

Bracing for a higher rate era
AI trade turns selective
Taking maths by the horns
Oriental Kopi’s quick profit dip highlights challenges in F&B sector
Prioritising compute power over health
Climate tech latest investment play
World Bank sees Brent oil averaging US$86 in 2026, easing to US$70 in 2027
WTK's units to dispose of shares in Biogrow City Plantations to Rimbun Temasek
Spritzer's 1Q profit rises despite challenging market conditions
Axteria announces corporate leadership restructuring

Others Also Read