Malaysia Gdp Growth Rate 2020 Q2

For second quarter 2020 q2 20 midf research s economist mazlina abdul rahman projects a 7 2 contraction in malaysia s gdp on the back of the implementation of the movement control. For malaysia the figure is the worst double digit quarterly contraction since 1998 or about 22 years following the unprecedented lockdown imposed to stem the spread of covid 19. Kuala lumpur aug 14 the massive 17 1 per cent gross domestic product gdp contraction in the second quarter q2 2020 has so far made malaysia the worst performing economy in asean.

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Malaysia s economy shrank by 16 5 percent quarter on quarter in the june quarter of 2020 the most contraction since the series began in the second quarter 2000 after a 2 percent contraction in the previous quarter.

Malaysia gdp growth rate 2020 q2. Gdp annual growth rate in malaysia averaged 4 46 percent from 2000 until 2020 reaching an all time high of 10 30 percent in the first quarter of 2010 and a record low of 17 10 percent in the second quarter of 2020. Gdp growth rate in malaysia averaged 0 94 percent from 2000 until 2020 reaching an all time high of 5 50 percent in the third quarter of 2002 and a record low of 16 50 percent. In fact malaysia s q2 2020 economic contraction was even worse than neighbouring countries.

Kuala lumpur malaysia s gross domestic product gdp contracted 17 1 per cent year on year in the second quarter of 2020 compared to a marginal growth of 0 7 per cent in the first quarter bank. Malaysia s gross domestic product gdp contracted 17 1 in the second quarter of the year from a 0 7 growth in the last quarter the lowest since the financial crisis in 1998. This page provides malaysia gdp annual growth rate actual values historical data forecast chart statistics economic.

Singapore s q2 2020 was recorded at 12 6 year on year while the philippines also recently announced a 16 5 growth year on year.