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News by Syafiqah Salim

BNM: Malaysia GDP contracted 17.1% in 2Q20, worst decline since 4Q98

Chief Statistician of Malaysia Datuk Seri Dr Mohd Uzir Mahidin: The sharp decline in GDP for this quarter was due to the three phases of the MCO and CMCO (Conditional Movement Control Order) implemented to curb the spread of Covid-19 in Malaysia. The capacity constraints due to the restriction imposed during the lockdown had affected growth in the services, manufacturing and construction sectors.

14 August, 2020

Another OPR cut likely, say economists

“BNM and the authorities have to consider how much room there is to manoeuvre given that the COVID-19 situation continues to evolve and the effects could potentially be more severe as the virus spreads to more countries.”

5 March, 2020
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