gross domestic product (GDP)

It is likely that political uncertainty in Malaysia is keeping many foreign investors away.

For the 4Q2020, the country’s GDP shrank 3.8% y-o-y, registering an improvement from the 5.6% contraction in 3Q2020.

In this issue, and over the next couple of weeks, we will share the many silver linings in the country’s most recently published.

This is a significant improvement from the historic 13.3% plunge logged in 2Q2020 ended June.

Following the release of advance gross domestic product (GDP) estimates by the Ministry of Trade and Industry on Tuesday morning, economists are buoyant on Singapore’s economic outlook, despite the dismal numbers reported in 2Q20.

Singapore’s gross domestic product (GDP) slumped 12.6% y-o-y in 2Q20, according to advance estimates released by the Ministry of Trade and Industry (MTI) on Tuesday.

In a report dated 30 June, Vasiljev says the upside may be seen especially for the Eurozone, UK, and US economies. China and Japan’s economies are likely to remain closer to consensus forecasts.

The Organization for Economic Cooperation and Development (OECD) announced that the real gross domestic product (GDP) across the G20 countries fell by 3.4% in 1Q20 due to the containment measures induced by the Covid-19 global pandemic.

SINGAPORE (June 3): Policy measures undertaken by governments and central banks may not have their desired effect to mitigate the economic impact of the novel coronavirus (Covid-19) pandemic, warns BNP Paribas.

“There continues to be a significant degree of uncertainty over the length and severity of the Covid-19 outbreak, as well as the trajectory of the economic recovery in both the global and Singapore economies,” MTI cautioned.