Malaysia Gdp Growth Rate 2020 Q2

For second quarter 2020 q2 20 midf research s economist mazlina abdul rahman projects a 7 2 contraction in malaysia s gdp on the back of the implementation of the movement control order. Malaysia gdp growth rate data historical chart forecasts and calendar of releases was last updated on november of 2020. Gdp annual growth rate in malaysia averaged 4 46 percent from 2000 until 2020 reaching an all time high of 10 30 percent in the first quarter of 2010 and a record low of 17 10 percent in the second quarter of 2020.

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Analysts have expected a sharp decline in the country s gdp for q2 2020 a period where the nation had been in multiple phases of lockdown.

Malaysia gdp growth rate 2020 q2. This page provides malaysia gdp annual growth rate actual values historical data forecast chart statistics economic calendar and news. The department of statistics malaysia revealed that malaysia s gross domestic product gdp grew by 0 7 in q1 2020 when it was expected to grow between 3 9 to 4 2. The performance for this quarter was the lowest recorded since the fourth quarter of 1998 11 2. Malaysia s economy has improved to record a small contraction of 2 7 in the third quarter of 2020 a big rebound compared to the 17 1 decline earlier in q2.

Malaysia s economy contracted by 17 1 in q2 2020 a worse than expected outcome and the worst contraction since the 1998 asian financial crisis where the nation s economy shrank 11 2 in the fourth quarter. On a quarter on quarter seasonally adjusted basis the economy had turned around in q3 to register an expansion of 18 2 in growth domestic product gdp. Malaysia recorded a a marginal growth of 0 7 per cent in the first quarter of this year bringing the first half 2020 gdp to 8 3 per cent as compared with a growth of 4 7 per cent in the first half of last year. Gross domestic product q2 2020 malaysia s gdp contracted 17 1 per cent from a marginal growth of 0 7 per cent in the first quarter of 2020.

Bank negara malaysia bnm has revised its 2020 gross domestic product gdp forecast to 3 5 to 5 5 after announcing a 17 1 contraction in the q2 20 gdp. Malaysia correspondent kuala lumpur malaysia s gross domestic product gdp contracted 17 1 per cent year on year in the second quarter of 2020 compared to a marginal growth of 0 7 per cent in. Gdp growth rate in malaysia averaged 0 94 percent from 2000 until 2020 reaching an all time high of 5 50 percent in the third quarter of 2002 and a record low of 16 50 percent in the second quarter of 2020. This page provides malaysia gdp growth rate actual values historical data forecast chart statistics economic calendar and news.