Economic Issues In Malaysia 2020

In april 2020 bank negara.

Economic issues in malaysia 2020. Putrajaya to tackle three issues in long term economic recovery plan including red tape regulatory reform thursday 23 jul 2020 03 35 pm myt datuk seri mustapa mohamed said the government will address three issues in the long term economic recovery plan including red tape and regulatory reform. The malaysian economy is amongst the most highly exposed economies in the region to both chinese demand and supply. Yet malaysia s 2020 is darkening by the day. Malaysia s economic growth this year will be a tale of two halves analysts said.

Despite the best efforts of the government with the multiple economic stimulus packages it is highly likely that malaysia will enter an economic recession this year. China is malaysia s number one trading partner a large source of foreign investments and its top tourist source outside of asean. Malaysia is weathering its worst economic recession in its history just as other developed nations are facing deep downturns due to the covid 19 pandemic and movement control order mco. Consumer prices fall year on year for seventh month running in september.

Consumer prices were unchanged on a seasonally adjusted basis over the previous month in september below the 0 17 rise logged in august and marking the lowest reading since april. Malaysia plunged into a political turmoil this week after mahathir mohamad suddenly resigned as prime minister leading some economists to question if the economy can withstand the current slowdown. In malaysia the effects of these china shocks may be dire.