Malaysia's economy contracted in the year 2020 at the fastest pace since the 1998 Asian financial crisis as the coronavirus pandemic weighed on household spending and investment, data from the Bank Negara Malaysia showed on Thursday.
In 2020, gross domestic product was down 5.6 percent, in contrast to the 4.3 percent expansion posted in 2019. The latest decrease was the largest since 1998.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com