KUALA LUMPUR: With over 90% countries globally expected to be hit by recession in 2020 as a result of the Covid-19-induced crisis, the latest move by the world’s two leading economic institutions to downgrade Malaysia’s growth forecast yet again comes as no surprise.
After posting its slowest expansion in over a decade for the first quarter of 2020, the country seems to be headed for its worst quarterly slump since the Asian Financial Crisis in 1998.
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