Friday, 14 Aug 2020 12:18 PM MYTMalaysia posted a record low GDP of -17.1p in the second quarter this year, the lowest growth since the country was hit by the Asian Financial Crisis in1998. — Picture by Hari Anggara
KUALA LUMPUR, Aug 14 ― Malaysia's economy contracted by 17.1 per cent in the second quarter this year as the Covid-19 pandemic took a heavy toll on exports and domestic consumption.Bank Negara Malaysia and the Department of Statistics Malaysia which released the data today noted that all key sectors registering negative growths in the aftermath of the movement control order during April and May to curb the coronavirus from spreading.
“The capacity constraint due to restriction imposed during the lockdown had affected growth in the services, manufacturing and construction sectors,” he added.