Think-tank projects GDP contraction of 4% this year


Ragananthini Vethasalam

SERC executive director Lee Heng Guie says his economic predictions are based on a scenario where supply chains are disrupted and domestic demand is dampened due to the long period taken to contain the Covid-19 pandemic. – The Malaysian Insight file pic, October 6, 2020.

THE Socio-Economic Research Centre (SERC) has projected Malaysia’s economy to contract by 4% for 2020 on the back of a prolonged battle against Covid-19, before a rebound of 5% next year.

SERC executive director Lee Heng Guie said in a quarterly economic briefing today that the gross domestic product (GDP) growth projection is on a base case scenario where supply chains are disrupted and domestic demand is dampened due to the long period taken to contain the pandemic.


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