Malaysia Gdp Growth Rate Forecast

The world bank said today its 2020 economic growth forecast for malaysia as measured by real gross domestic product gdp had been lowered to a contraction of 4 9 from the previously estimated 3 1 decline following the country s sharper than expected gdp contraction in the second quarter of 2020 2q20 due to the impact of the covid 19 pandemic. Following a sharper than expected contraction in the second quarter of 2020 2q20 the world bank has lowered malaysia s economic growth forecast this year to a contraction of 4 9. This page provides malaysia gdp growth rate actual values historical data forecast chart statistics economic calendar and news.

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Malaysia gdp growth rate forecast. As for the full year 2020 the world bank forecasts the malaysian economy to decline by 3 1 earlier in april the bank lowered its gross domestic product gdp growth forecast from 4 5 to a. Department of statistics malaysia gdp annual growth rate in malaysia is expected to be 5 00 percent by the end of this quarter according to trading economics global macro models and analysts expectations. 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. Malaysia gdp annual growth rate data historical chart forecasts and calendar of releases was last updated on september of 2020.

Gross domestic product gdp of malaysia grew 4 33 percent in 2019 and was forecast to remain slightly below 5 percent for the medium term. The world bank slashed its forecast on malaysia s gross domestic product gdp growth this year to 4 9 from its earlier forecast of 5 4 in july. A slow recovery in key trading partners volatile commodity prices a prolonged health crisis and political turbulence all threaten to derail the recovery. While activity is set to rebound next year risks to the outlook loom in the background.

As malaysia s central bank bank negara malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the malaysian economy. Shetty said the revision was made mainly after taking into account the cancellation of major infrastructure projects which translates into lower public investment besides easing export growth. Malaysia economic growth the economy is seen shrinking markedly this year stricken by pandemic related containment measures and depressed oil prices. Jalan dato onn 50480 kuala lumpur malaysia.