S&P Global: Malaysia’s 2020 Economic Growth Highly Dependent on Q3 2020 Performance

S&P Global Ratings (S&P Global) has stated that Malaysia’s third quarter 2020 economic performance will play a vital role in deciding 2020’s overall economic growth. According to Asia-Pacific Economist at S&P Global, Vishrut Rana, normalisation in economic activity and household spending, together with a reduced number of new COVID-19 cases would support economic growth in the country.

Rana added that good progress in the containment of COVID-19 as well as the developments in movement restriction, along with normalisation of activity have positioned Malaysia well on its way towards a recovery in the third quarter of 2020.

However, Rana notes that the key risk...