Malaysia’s latest economic data clearly shows that Malaysia, like almost all countries in the world, are experiencing significant depression due to the covid crisis-19. Here is the latest data obtained from the statistics department of Malaysia.
The unemployment rate in April has increased to 5 %. Hope this number will be stable in may and June and return to the fourth quarter of the year.
Meanwhile, the user’s price index in the month of may 2020 declined 2.9 %, but the core index that excludes material materials like the fuel price is still positive.
Although we are always concerned about high inflation, negative rates are also not good for the economy.
The Malaysian trade balance has returned to positive while the current account continues to stay positive.
Unfortunately the balance of positive trading does not come up due to the power of export numbers.
Actually the export declined over 25.5 %, but it’s positive because the import fell worse by 30.4 %. This marks the economic activity that shrinks it significantly
The end is the size of the leading indicator or the pioneer index that aims to provide early hints on the direction and turning points of the economy of Malaysia.
The Index has started to be negative in March and recorded a 5.5 % decline in April.
The bad news is that we are in a very serious turmoil. The good news is when something is up to the base, the next move is up.
There are still many challenges and risks to face, but in my opinion, we will begin to recover in terms of economy slowly in the fourth quarter of the year.