Penjana will help reduce GDP contraction in 2020 - RHB Research

The National Economic Recovery Plan (Penjana), which features 40 initiatives worth RM35 billion, is expected to help reduce the magnitude of the contraction in the country’s 2020 real gross domestic product (GDP) performance, said RHB Research Institute Sdn Bhd.

Its chief Asean economist Peck Boon Soon said the research house saw upside risks to its GDP forecast for the year following the disclosure of the additional measures in Pemjana, coupled with the RM260 billion Prihatin Economic Stimulus Package 2020 (Prihatin) announced previously...