2019 Annual Report

The global economy in FYE2019 grew at its weakest pace since the global financial crisis in 2009. Malaysia was also affected, having achieved the lowest annual gross domestic product (GDP) at 4.3% growth. The ongoing spread COVID-19 pandemic has impacted our global economy further. Just in early March 2020, the Organisation for Economic Co-operation and Development (OECD) predicted that COVID-19 will lower global GDP growth by one-half a percentage point for 2020 (from 2.9 to 2.4 percent).

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