Sharp two-digit rebound in Q2

Speaking with StarBiz, Alliance Bank chief economist Manokaran Mottain expected a 12% to 15% gross domestic product (GDP) expansion in the April to June 2021 period. “This would follow our projected economic contraction of 3% for the first quarter."

PETALING JAYA: The Malaysian economy is set to stage a double-digit growth in the second quarter (Q2) of 2021 as the country moves away from consecutive quarters of economic contractions.

The sharp rebound will be largely driven by the low-base effect, considering that the economy had suffered nationwide business shutdowns in the same quarter of last yeardue to Covid-19 containment measures.