Stronger GDP recovery ahead based on leading indicators, Statistics Department says.
KUALA LUMPUR: Malaysia can expect a firm recovery in the second half of this year as economic activities pick up and provided there is no second wave of the Covid-19 pandemic outbreak, the Statistics Department said.
In a statement issued on Monday, it said despite a 17.9% contraction in GDP in the second quarter, the leading index (LI) -- which provides an early signal of the future economic direction -- grew at a faster pace in June.
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