According to Bank Negara Malaysia, GDP growth is expected to contract between -2.0% and 0.5% by year end amid the impact of Covid-19.
Research Report
According to Bank Negara Malaysia, GDP growth is expected to contract between -2.0% and 0.5% by year end amid the impact of Covid-19.
Malaysia’s GDP moderated to 4.4% in 3Q2019 (2Q2019: 4.9%), attributed to lower growth in services (5.9%), manufacturing (3.6%), construction (-0.5%) and mining (-4.3%).
Malaysia’s property market gained traction as transaction activity in 3Q 2019 went up by 5.6% to 83,186 transactions and 4.7% to RM34.7 billion respectively from the same time last year. Klang Valley (KV), which constitutes about one-quarter of Malaysia’s property market, grew by 1.3% in volume to 77,241 in 2018 but transaction value declined by 2.7% from 2017 to RM65.7 billion. 3Q 2019 saw an improvement when transaction volume expanded 7.7% (20,626 transactions) while value increased 13.7% (RM15.8 billion).
Malaysia’s GDP improved at 4.9% in Q2 2019 (Q1 2019: 4.5%) contributed by mining and quarrying (2.3%) , manufacturing (4.3%), and construction (0.5%).