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BNM: Malaysia’s 2019 GDP at 4.3pc, lowest since 2009 amid commodity disruption

savemalaysia
Publish date: Wed, 12 Feb 2020, 01:05 PM

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

Discussions
Be the first to like this. Showing 7 of 7 comments

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

ahbah

GDP at 10 yrs LOW !

I am half dead now ! Tolong !

2020-02-12 13:44

calvintaneng

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

ahbah

Who can save our country ?

Who can tolong us now ?

2020-02-12 14:04

calvintaneng

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

WE ARE MALUSIA & KAJANG SATAY BULL

2020-02-12 14:13

Harold Huong

Wooden house even better than sleep under bridge

2020-02-12 14:15

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