In another piece of News which the Philippine Press wants to forget as soon as possible and hope Filipinos won’t notice it, Malaysia’s Gross Domestic Product (GDP) shrank by 17.5% in the Second Quarter of 2020 (April to June 2020) as a result of the restricted Economic Activity brought about by the Corona Virus Disease 2019 (Covid-19) Pandemic.
So far this is the worst contraction in South East Asia (SEA). Singapore’s GDP also shrank by 13.2%, the worst since 2009. The Philippines’ GDP shrank by 16.5% in the same period, the worst since 1981.
SOURCE: Malaysia's 17.1% GDP contraction in 2Q20 the worst so far in ASEAN
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