GDP likely to grow 6% despite MCO 3.0, says central bank governor

All economic sectors recorded improvement during the first quarter of 2021 led by manufacturing, Bank Negara Malaysia Governor Nor Shamsiah Mohd Yunus says. – The Malaysian Insight pic by Hasnoor Hussain, May 11, 2021.

THE country’s economy recorded a contraction of 0.5% in the first quarter of 2021, a sign of recovery from a decrease of 3.4% in the preceding quarter, with improvement seen in all economic sectors.

In the first quarter of 2020, Malaysia recorded a gross domestic product (GDP) growth of 0.7%.

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