OCBC Research sees Covid-19 shaving 0.4 pct point off Malaysia 1Q GDP

TheStar Fri, Feb 14, 2020 03:26pm - 4 years View Original

Medical workers in protective suits attend to novel coronavirus patients at the ICU of a Wuhan hospital. An undisclosed number of doctors and nurses have succumbed to the infection in the line of duty. — China Daily via Reuters

KUALA LUMPUR: OCBC Treasury Research expects the impact of the Covid-18 coronavirus to be around 0.4 percentage points of gross domestic product (GDP) in the first quarter.

In its research note issued on Friday it said the impact from the virus was based on the assumption the viral infection itself does not become a more major issue within the country.

“Given the slow momentum from the GDP data from 44 2019 that was just released, this would compound the slowdown even more and compelled us to downgrade the forecast for Q1 GDP to 3.5%.

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