KUALA LUMPUR, May 11: Malaysia's GDP slump eased in Q1 as it contracted by 0.5% y/y, following a 3.4% contraction in the fourth-quarter. Compared to the previous quarter, GDP increased by 2.7% q/q on a seasonally adjusted basis.
Exports increased by 11.9% y/y thanks to recovering global demand. However, the relatively strong trade position and burgeoning exports were not sufficient to lift the 2021Q1 GDP from the contraction.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!