WB lowers Malaysia’s 2020 growth forecast to -4.9 pct ASEAN

WB lowers Malaysia’s 2020 growth forecast to -4.9 pct

The World Bank (WB) has revised down Malaysia’s economic growth forecast this year to a contraction of 4.9 percent, from an early estimate of minus 3.1 percent, following a sharper than expected contraction in the second quarter of 2020.
Malaysia reduces interest rates to record low World

Malaysia reduces interest rates to record low

Malaysia's central bank on July 7 reduced its interest rates to a record low to fight the impact of the COVID-19 pandemic, and warned that the pace of economic recovery was uncertain.
Malaysian economy capable of positive growth in 2020 World

Malaysian economy capable of positive growth in 2020

The Malaysian Islamic Party’s Central Committee on Economic, Real Estate and Entrepreneur Development has predicted that the country’s GDP growth rate can reach 2.5-3 percent in 2020 despite the COVID-19 outbreak.
Observers: Malaysia must deal with sagging economy World

Observers: Malaysia must deal with sagging economy

According to observers, Malaysia must cope with a sagging economy due to the impact of the global trade tension in 2019 and strive to find a foothold before the transfer of power scheduled next year.