Economics Local

Last year’s GDP 4.3%; lowest since 2009

Written by TheMole

KUALA LUMPUR — Feb. 12, 2020: Malaysia’s economy expanded by 3.6 per cent in the fourth quarter of last year, dragging the full-year Gross Domestic Product growth to 4.3 per cent, the lowest since 2009 amid supply disruptions in the commodity sector.

According to Bank Negara Malaysia governor Datuk Nor Shamsiah Mohd. Yunus, the growth would have been at 4.7 per cent if not for the disruptions.

The growth for 2018 was 4.7 per cent.

The Covid-19 outbreak is also expected to affect Malaysia’s GDP growth for the current Q1 depending on how the virus spreads and evolves, said Nor Shamsiah at a press conference today.

Headline inflation was lower at 1.0 per cent for the same quarter last year, pulling the overall 2019 inflation to 0.7 per cent.

Several measures suggested by the central bank will be introduced in the Covid-19 stimulus package.



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