Malaysia Gdp Annual Growth Rate Forecast

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Malaysia gdp annual growth rate forecast. Department of statistics malaysia gdp annual growth rate in malaysia is expected to be 6 40 percent by the end of this quarter according to trading economics global macro models and analysts expectations. Gdp annual growth rate in malaysia averaged 4 46 percent from 2000 until 2020 reaching an all time high of 10 30 percent in the first quarter of 2010 and a record low of 17 10 percent in the second quarter of 2020. The latest comprehensive information for malaysia gdp annual growth rate including latest news historical data table charts and more. Gross domestic product gdp of malaysia grew 4 33 percent in 2019 and was forecast to remain slightly below 5 percent for the medium term.

Malaysia economic growth the economy is expected to contract at the fastest pace in over two decades this year before rebounding strongly in 2021 on the back of strengthening household consumption and foreign demand in line with the global economic recovery. This page provides malaysia gdp growth rate actual values historical data forecast chart statistics economic calendar and news. The world bank slashed its forecast on malaysia s gross domestic product gdp growth this year to 4 9 from its earlier forecast of 5 4 in july. Gdp growth annual malaysia.

Malaysia gdp gdp records largest contraction on record in q2. Bank negara malaysia bnm said today malaysia s economic growth as measured by gross domestic product gdp is projected at between 2 to 0 5 in 2020 against a highly challenging global economic outlook due mainly to the covid 19 pandemic. World bank national accounts data and oecd national accounts data files. Gdp growth rate in malaysia averaged 0 94 percent from 2000 until 2020 reaching an all time high of 5 50 percent in the third quarter of 2002 and a record low of 16 50 percent in the second quarter of 2020.

Apart from the pandemic the domestic economy will also be affected by the sharp decline and volatile shifts in crude oil prices and continued supply.