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Finance Minister: Decrease in country's GDP for second quarter of 2020 predicted

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NIBONG TEBAL: There will be a decrease in Malaysia’s gross domestic product (GDP) for the second quarter of 2020, predicts Datuk Seri Tengku Zafrul Tengku Abdul Aziz.

The Finance Minister said the second quarter was challenging, as the country underwent movement control order during the period.“We predict a decrease in GDP for the second quarter, and the economy will be in contraction for the second quarter.“More than 150 countries in the world will experience economic contraction in 2020.

“This is a good signal, as when the economy opened up on May 4 and when industries slowly reopened, the employment rate went up. “We are hoping to get a v-shape economy growth, but it is subjected to how Malaysia and the world address the health crisis.

 

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