Q2 GDP lower q-on-q, Bank Negara slashes annual growth forecast

The economy is expected to grow only 3 to 4 percent.

The second quarter saw the Klang Valley enter lockdown on May 12 followed by “total lockdown” on June 1 due to Covid-19 infection surge.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

malaysiakini /  🏆 20. in MY

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.

Ringgit opens slightly lower ahead of Malaysia's Q2 GDP report | Malay MailKUALA LUMPUR, Aug 13 — The ringgit opened slightly lower against the US dollar today as the greenback strengthened against commodity currencies, underpinned by recovery optimism. The local currency was also trading in a cautious mode amidst selling pressure ahead of the...
Read more »

Double-digit GDP growth for Q2The Malaysian economy may finally return to strong growth in the second quarter (Q2) of 2021.
Read more »

AmBank sees Malaysia’s GDP rebounding in Q2, to post 11-13pc growth | Malay MailKUALA LUMPUR, Aug 11 ― Malaysia’s gross domestic product (GDP) is expected to turn around to record a growth of 11 to 13 per cent in the second quarter (Q2) of 2021, from the negative growth trajectory for the past four quarters for the first time, supported by higher industrial...
Read more »

DOSM: Malaysia’s birth rate declined while the death rate increased in Q2 2021Malaysia's population is estimated at 32.66 million, which includes 2.69 million non-citizens. The death rate has increased by 10.1% during the same period.
Read more »

DoSM: Malaysia’s economy grew 16pc in Q2 following initial dip in 2020 | Malay MailKUALA LUMPUR, Aug 13 — Malaysia’s second quarter (Q2 2021) gross domestic product (GDP) rose by 16.1 per cent year-on-year after previously shrinking for four consecutive quarters, the Department of Statistics Malaysia (DoSM) announced today. Chief Statistician Datuk Seri Mohd Uzir Mahidin said...
Read more »

Services sector Q2 revenue up significantlyKUALA LUMPUR: Malaysia’s services sector revenue recorded significant growth of 20.5% to RM404.5bil for the second quarter (Q2) compared with the same quarter in the previous year, according to the Statistics Department.
Read more »