Q1 2020 Real Estate Times Malaysia

A perfect storm, a weakened market meets political and health crisis

Key Highlights:

  • Malaysia’s economy moderated to 3.6 per cent in Q4 2019 (Q3 2019: 4.4 per cent). The slower growth momentum in the second half of 2019 resulted in a subdued overall growth for the year at 4.3 per cent.
  • It was the lowest growth since the Global Financial Crisis in 2009, which was attributable to lower output of palm oil, crude oil and natural gas, and a fall in exports amid the US-China trade war.
  • The labour market was strong, with the unemployment rate unchanged as the previous quarter at 3.3 per cent or 525,500 people.

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