A V-shaped recovery in the offing unless …

A V-shaped recovery in the offing unless … - Hello loyal readers FeedGoogle, In the article you are reading this time with the title A V-shaped recovery in the offing unless …, 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.

It feels good to be vindicated when the voices of gloom and doom as a result of a deep contraction of 17.1% in Malaysia’s Gross Domestic Product (GDP) for the second quarter were up on the air in September, we at Emir Research were among a few lone voices then that said it’s not the end of the world yet for Malaysia and stressed that the worst is over.True enough, when the GDP for the third quarter of this year (3Q20) was announced yesterday (Nov 13), it declines less steeply at 2.7% year-on-year (yoy) compared to the previous quarter’s contraction of 17.1% – a whopping 14.4 percentage-point increase.When viewed on a quarter-on-quarter (qoq) basis, the picture gets better – the economy in the third quarter grew by a spectacular 18.2% compared to a contraction of 16.5% in the previous quarter.What’s more, the latest GDP number also beats analysts’ estimate of a contraction of a…