Malaysia Gdp Growth Rate 2020 Q2
The department of statistics malaysia forecasted a decline of 1 7 while the world bank.
Malaysia gdp growth rate 2020 q2. In 2020 malaysia s gdp is projected to decline by 3 1 percent this year from 4 3 in 2019 mainly reflecting a sharp slowdown in economic activity during the first half of 2020. This page provides malaysia gdp growth rate actual values historical data forecast chart statistics economic calendar and news. Malaysia gdp q2 2020 malaysia.
The economy grew by 0 7 per cent in the first quarter of 2020 but fell by 17 1 per cent in the second quarter q2. Johor s gdp growth in the second quarter of this year is most likely to decline further than the 17 1 per cent contraction recorded nationally in the second quarter of 2020 said hasni. 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 the first quarter bank.
He said this while replying to a question from raven kumar bn tenggaroh at the johor state assembly in the sultan ismail building kota iskandar here. 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. Gdp records largest contraction on record in q2 august 12 2020 gdp plunged 17 1 year on year in the second quarter contrasting the 0 7 expansion recorded in the first quarter and marking an all time low as fallout from the pandemic hammered activity.
Malaysia s gdp contracted by 8 3 per cent year on year in the first half of 2020 a sharp reversal of the 4 7 per cent expansion in the same period of last year. Kuala lumpur aug 14 the massive 17 1 per cent gross domestic product gdp contraction in the second quarter q2 2020 has so far made malaysia the worst performing economy in asean. In april 2020 bank negara malaysia projected malaysia s gdp for the year to be between 0 5 and 2.
