KUALA LUMPUR, Feb 12 — Malaysia’s economy expanded by 3.6 per cent in the fourth quarter of 2019, dragging the full-year Gross Domestic Product (GDP) growth at 4.3 per cent, the lowest since the 2009 financial crisis amid supply disruptions in the commodity sector, Bank Negara Malaysia (BNM) announced today.
“GDP growth for 2019 would have been higher at 4.7 per cent without the supply disruptions in the commodity sector,” said it’s Governor Datuk Nor Shamsiah Mohd Yunus.
In 2018 the GDP growth was 4.7 per cent.
The Covid-19 outbreak is expected to affect Malaysia’s GDP growth for Q1 2020, depending on how the virus spreads and evolves, Nor Shamsiah said at a press conference here, today.
Headline inflation was lower at 1.0 per cent for Q4 2019, pulling the overall 2019 inflation rate at 0.7 per cent.
She said a number of measures suggested by BNM would be introduced in the Covid-19 stimulus package.
— Bernama
