Economy shows recovery as 1Q GDP shrank slightly at 0.5%

Datuk Seri Dr Mohd Uzir Mahidin, “In terms of Malaysia's monthly GDP performance, January and February showed a decline of 3.5% and 3.6% respectively and rebounded strongly in March 2021 to 6%."

KUALA LUMPUR: The economy contracted at a smaller pace of 0.5% in the first quarter of this year as it extended its recovery from the 3.4% decline in the fourth quarter of last year.

The Statistics Department said on Tuesday the firmer economic performance was supported by the expansion in manufacturing sector and the rebound in the agriculture sector.