Malaysia GDP to contract 4% in 2020, grow 6.5% in 2021 – ADB | The Edge Markets
KUALA LUMPUR (June 18): Malaysia’s gross domestic product (GDP) growth is forecast to contract 4% this year and grow 6.5% in 2021, according to the Asian Development Bank’s (ADB) Asian Development Outlook 2020 (ADO 2020) Supplement in line with the region.
In the ADO released today, ADB said Southeast Asia had suffered broad declines in consumption, investment and trade.
It said the subregion’s economy is now expected to contract by 2.7% in 2020 before growing by 5.2% in 2021.
Sunday, 12 July 2020
Malaysia GDP to contract 4% in 2020, grow 6.5% in 2021 – ADB | The Edge Markets
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