Malaysian GDP: Good Recovery, But Will It Continue?
Julia Goh, Senior Economist, UOB Malaysia
16-Nov-20 07:17
Malaysia’s Q3 GDP rebounded significantly from the second quarter, but will the ongoing CMCO stall Malaysia's path to recovery?
The improved performance in Q3 largely reflected the impact of the reopening of the economy after the MCO as well as better external demand conditions.
Overall for 2020, Bank Negara projects that GDP will contract by between 3.5% and 5.5%, and forecasts clearer skies in 2021, with GDP expected to grow between 6.5 and 7.5%.
Image Credit: Kamarulzamanganu / Shutterstock
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