It notes that consumption remains as a bright spot in the economy, growing by 6.5%. FMTNews Economy ADB Deflation Covid19
The Asian Development Bank report statesthat Malaysia is expected to experience deflation at 1.5% in 2020 as oil prices are likely to remain low.
Nevertheless, it noted that consumption remained as a bright spot in the economy, growing by 6.5% as stronger public consumption offset weaker private consumption. “The more open economies of Malaysia, Singapore, Thailand and Vietnam were hit by slumping global trade and demand.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zahid paid RM1.4 million in cash for bungalow renovation, court hears | The Malaysian InsightTransaction with no written contract done based on trust, says contractor.
Read more »
Stimulus package effects to be felt in Q3 | The Malaysian InsightMalaysia pumps billions into coronavirus-ravaged economy, GDP numbers to show improvement, says economist.
Read more »
Prosecution seeks to amend charges in 1MDB audit report caseHowever, Najib Razak's defence counsel Muhammad Shafee Abdullah says this may affect their case. FMTNews 1MDB
Read more »
Report lodged against NGO chief's 'semi-democracy' proposalIsma president Aminuddin Yahya says PM and ministers may not be elected representatives. FMTNews Isma NGO
Read more »
New Zealand economy takes biggest hit in 29 years | The Malaysian InsightIts GDP shrinks 1.6% in the January-March quarter, the biggest contraction since 1991.
Read more »
Arteta wants 'role model' Luiz to extend Arsenal deal(Reuters) - Arsenal manager Mikel Arteta says David Luiz is a 'key role model' and hopes the Brazilian defender will extend his contract at the Premier League club beyond this season.
Read more »