Malaysian central bank says economy likely to shrink
Bank Negara Malaysia says pandemic already having “significant impact”
Malaysia’s economy is likely to contract this year, according to new projections from the country’s central bank.
Bank Negara Malaysia’s inaugural Economic and Monetary Review 2019, published today (April 3), projects GDP growth to be between -2% and 0.5% in 2020, as a result of weaker global demand and disrupted supply chains.
“Global economic and financial conditions, which deteriorated sharply in the first quarter as the Covid-19 pandemic escalated, are expected to deteriorate further, with
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