Saturday, 06 Jun 2020 01:05 PM MYT
KUALA LUMPUR, June 6 ― The National Economic Recovery Plan , which features 40 initiatives worth RM35 billion, is expected to help reduce the magnitude of the contraction in the country’s 2020 real gross domestic product performance, said RHB Research Institute Sdn Bhd. “It is inevitable that the Malaysian economy would record a negative growth, or a recession as some may call it, in 2020 due to global recession as well as the movement control order aimed at containing the spread of Covid-19.
According to Peck, RHB Research is maintaining its GDP forecast of a four per cent contraction for 2020.
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