Malaysia’s GDP falls 17.1% in Q2, worst since 1998

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Published Aug 15, 2020

Malaysia's gross domestic product for the second quarter (Q2) is down negative 17.1 percent compared to the same period last year.

This is the first time quarterly gross domestic product (GDP) change is in the negative territory since Q3 2009 (-1.1 percent).

"On a quarter-on-quarter seasonally-adjusted basis, the economy contracted by 16.5 percent," said Bank Negara in a statement.

According to Reuters, this the worst slump since the Asia financial crisis which saw GDP shrink by 11.2 percent in Q4 of 1998.

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Malaysia’s GDP falls 17.1% in Q2, worst since 1998

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