NIBONG TEBAL: There will be a decrease in Malaysia’s gross domestic product (GDP) for the second quarter of 2020, predicts Datuk Seri Tengku Zafrul Tengku Abdul Aziz. The Finance Minister said the second quarter was challenging, as the country underwent movement control order (MCO) during the period. “We predict a decrease in GDP for the second quarter, and the economy will be in contraction for the second quarter. “The first quarter is 0.7% and the second quarter will be announced by Bank Negara on August 14,” he said. “If we can sustain the growth, the third quarter should be better than the second quarter.

Source: thestar August 08, 2020 10:52 UTC