According to the IMF's latest World Economic Outlook, Malaysian economy is expected to contract 1.7 percent this year amid the outbreak of the COVID-19 pandemic.
Malaysian gross domestic product (GDP) grew 4.3 percent last year, the slowest pace in 10 years, as lower exports and private consumption weighed on the economy.
Malaysia's Central Bank said earlier this month that its GDP is projected to be between -2 percent and +0.5 percent in 2020, affected by weak global demand, supply chain disruptions and COVID-19 containment measures.
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