Malaysia’s economy will decline in 2020. The domestic sector has been hindered by government measures to contain the spread of the Coronavirus (COVID-19) whilst external demand also weakened as the pandemic swept the globe. Consumption will also contract, hindered by COVID-19 containment measures and rising unemployment rate. Assuming the pandemic remains contained, expected rates of growth will bounce back to around 6.7% in and will moderate to around 4.0% in 2024-2027.
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