Malaysia’s GDP likely to remain in contraction in Q3 2020, says RHB Investment Bank | Malay Mail

Friday, 14 Aug 2020 05:59 PM MYT

KUALA LUMPUR, Aug 14 — While the worst is over for Malaysia considering the restrictions have eased, gross domestic product growth will still likely remain in contraction in the third quarter this year, says RHB Investment Bank Bhd.“In addition, the risk of subsequent waves of Covid-19 could bring back stricter measures, which could derail growth momentum going forward.Malaysia’s real GDP growth contracted 17.

“From the GDP data, tourism-related sectors seemed to bear the worst brunt of the government-imposed lockdown. On the expenditure side, significant contraction is seen in private consumption, investment and net exports but these are offset by marginal contribution from the positive government consumption during the period, said the investment bank.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK finance minister Sunak sees promising signs after record GDP hit | Malay MailLONDON, Aug 12 — British finance minister Rishi Sunak said there were some “promising signs” that the country’s economy was recovering from its record economic crash during the coronavirus lockdown which was announced earlier today. Sunak said growth of 8.7 per cent in gross domestic...
Source: malaymail - 🏆 1. / 86 Read more »