All data used to generate this dashboard are publically available from various sources including Worldometer; Google’s COVID-19 Community Mobility Reports; and the IMF’s World Economic Outlook (WEO) April 2020 database.

Overview

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COVID-19 in selected Asia/Middle East countries

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Days since 100th case

Malaysia appears to have flattened the curve at a relatively lower level than Singapore.

Impact on Malaysia’s economy

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Inflation

Already on a downward trend over the last 3 years, CPI inflation is expected to fall to 0.106 percent in 2020 as consumer spending slows.

GDP Growth

The IMF projects growth to take a V-shape, falling from 4.3 percent in 2019 to -1.7 percent in 2020, and recovering to 9 percent, higher than pre-COVID-19 levels by 2021!

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Current account balance

The current account balance is expected to turn negative as subdued global demand and closed borders reduce Malaysia’s exports.

Fiscal balances

The fiscal deficit is also projected to worsen to -4.2 of GDP