Bank Negara expects a growth of 0.5% once country returns to normalcy

KUALA LUMPUR: Bank Negara has forecast Malaysia’s economy will contract as much as 2% on the weight of the loss in productivity and disruption in the global supply chain due to the Covid-19 pandemic.

At the best-case scenario, assuming the situation is brought under control and economic activities return to normalcy quickly, the central bank expects Malaysia to chalk a growth of 0.5%.