BIMB Research sees 1Q GDP shrinking at slower pace of 0.6%

Police roadblocks to enforce the inter-state and inter-district travel bands during the MCO. Photo: The Star/Azhar Mahfof

KUALA LUMPUR: BIMB Securities Research expects the economy to have shrunk at a slower pace of 0.6% year-on-year in the first quarter (1Q 2021) compared with a contraction of 3.4% in the fourth quarter last year.

In its research note issued on Monday, it said a robust recovery in manufacturing and external trade activities alongside ongoing policy support are seen as key factors mitigating the impact of stricter containment measures and aiding the recovery last quarter.