KUALA LUMPUR, Feb 12 ― Malaysia’s economy expanded by 3.6 per cent in the fourth quarter of 2019, dragging the full-year Gross Domestic Product (GDP) growth at 4.3 per cent, the lowest since the 2009 financial crisis amid supply disruptions in the commodity sector, Bank Negara Malaysia (BNM) announced today.
“GDP growth for 2019 would have been higher at 4.7 per cent without the supply disruptions in the commodity sector,” said its governor Datuk Nor Shamsiah Mohd Yunus.
In 2018 the GDP growth was 4.7 per cent.
The Covid-19 outbreak is expected to affect Malaysia’s GDP growth for Q1 2020, depending on how the virus spreads and evolves, Nor Shamsiah said at a press conference here, today.
Headline inflation was lower at 1.0 per cent for Q4 2019, pulling the overall 2019 inflation rate at 0.7 per cent.
She said a number of measures suggested by BNM would be introduced in the Covid-19 stimulus package. ― Bernama
https://www.malaymail.com/news/malaysia/2020/02/12/malaysias-2019-gdp-at-4.3pc-lowest-since-2009-amid-commodity-disruption/1836788
Created by savemalaysia | Aug 25, 2024
Created by savemalaysia | Aug 25, 2024
Created by savemalaysia | Aug 25, 2024
Created by savemalaysia | Aug 25, 2024
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Created by savemalaysia | Aug 25, 2024
Posted by ahbah > Feb 12, 2020 1:44 PM | Report Abuse
GDP at 10 yrs LOW !
I am half dead now ! Tolong !
hahaha
NFCP IS THE SOLUTION!!!
2020-02-12 13:50
No lah fortunebullz
Europe negative int rate
Japan also
Argentina in default
Whole world zero growth
China slowing
IF MALAYSIA STILL CAN GET 4% GDP VERY GOOD LEOW!
2020-02-12 14:09
calvintaneng
All sectors of airlines, tourism, hotels, retail malls, manufacture supply chain linked to China & even Banks will be impacted and share prices expected to weaken
temporary bright spot is glove
BUT ONE SECTOR CAN GO UP STRONGLY
NFCP STOCKS DUE TO GOVT FIBERISATION THRUST WITH RM50.3 BILLIONS FIRE POWER!
2020-02-12 13:38