Reviving the economy

Bank Negara will release the 2Q economic data at midday.

PETALING JAYA: All eyes are on Bank Negara’s gross domestic product (GDP) announcement today, with the odds stacked against the Malaysian economy for the second quarter of 2020 (2Q20).

A double-digit economic contraction is highly expected in the April-June period, potentially worse than the 1997 Asian Financial Crisis.