Of the past annual reports released by BNM, this year’s report could be the most challenging and difficult given the uncertainty of the impact of COVID-19 both domestically and globally. With all the uncertainty, coupled with the expected weakening domestic demand conditions, BNM expects the country’s real GDP growth to be sharply lower against the earlier official projection. Affin Hwang Capital shares its summary and views of the BNM Annual Report 2019.

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