World Bank cuts Malaysia 2020 GDP target to -0.1%

KUALA LUMPUR (April 1): The World Bank is projecting a negative economic growth for Malaysia this year amid the COVID-19 crisis, but said the country is likely to recover in the fourth quarter (4Q) of the year before bouncing back into smoother momentum in 2021.

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German minister commits suicide over ‘virus crisis worries’

KUALA LUMPUR (March 31): Thomas Schaefer, the finance minister of Germany’s Hesse state, has committed suicide apparently after becoming “deeply worried” over how to cope with the economic fallout from the coronavirus, AFP reported state premier Volker Bouffier saying on Sunday.

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