'2020 GDP forecast remains at -5.5 pct to -3.5 pct despite Covid-19 spike'

'2020 GDP forecast remains at -5.5 pct to -3.5 pct despite Covid-19 spike' - Hello loyal readers FeedGoogle, In the article you are reading this time with the title '2020 GDP forecast remains at -5.5 pct to -3.5 pct despite Covid-19 spike', We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

There is no further deceleration of the nation’s gross domestic product (GDP) projection despite the sudden rise in Covid-19 infections, and the 2020 growth projection remains between -5.5 percent -3.5 percent, said Finance Minister Tengku Zafrul Tengku Abdul Aziz.“The second wave is very much concentrated and more than 60 percent is confined. We did not implement a movement control order so all business activities are allowed to go on,” he said in an interview aired on the BFM radio station today.He, however, admitted that for this year, Malaysia, along with 150 other countries, would be undergoing a recession.But come 2021, he said the economy would pick up and Malaysia’s GDP growth is expected to be around 5.5 percent to 8.0 percent - a projection that is in line with the stronger GDP forecast by the World Bank and International Monetary Fund.Zafrul said that the government…