KUALA LUMPUR — Malaysia’s economy grew 0.7% in the initial quarter of 2020, well off the 4.5% pace recorded a year earlier, as the impact of the coronavirus pandemic begins to show up in the numbers. The result, announced on Wednesday, did beat the median forecast of a 1.5% contraction […]
slumps
Corporate confidence slumps to all-time low
Confidence among UK businesses has hit its lowest level on record as it emerged a year’s worth of profit warnings had already been issued in 2020. Companies have contracted operations and furloughed staff en masse due to the pandemic, which looks likely to cause a greater economic catastrophe than the […]