Malaysian economy could shrink more than earlier forecasts, says Tengku Zafrul | Malay Mail

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Malaysian economy could shrink more than earlier forecasts, says Tengku Zafrul

Saturday, 02 May 2020 08:23 PM MYTKUALA LUMPUR, May 2 — Malaysia’s economy in 2020 could shrink more than initially forecast due to extended curbs on movement imposed to stem an outbreak of the new coronavirus, the finance minister said on Saturday.

Malaysia’s central bank had forecast in April for growth in gross domestic product of between -2 per cen and 0.5 per cent this year. “But that forecast was made after just two weeks of movement curbs. We’re now more than five weeks in ... so our GDP could shrink even more,” Finance Minister Tengku Zafrul Tengku Abdul Aziz said in an interview with a local television channel. — Reuters

 

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Bank Negara unjur ekonomi negara tumbuh antara -2.0% dan 0.5% pada 2020. “Doom Day” is good for this Malay supremacy NEPS governance policies!!! In the next 6 months!!!

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