Q2 2020 Real Estate Times Malaysia

Investors remain vigilant in the midst of Economic Recovery Plan

Key Highlights:

  • The Malaysian economy grew at 0.7 per cent in Q1 2020 (Q4 2019: 3.6 per cent), the lowest since the contraction of 1.1 per cent in Q3 2009.
  • Labour market softened with unemployment rising to 3.5 per cent (Q4 2019: 3.3 per cent) due to the weaker global demand, exacerbated by the extended phases of the Movement Control Order (MCO).

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