MALAYSIA’S fourth quarter gross domestic product (GDP) expanded by 3.6% on year-on-year (y-o-y), rebounding after a decline of 5.6% in the third quarter of 2021 as a result of the movement control order 3.0.
This translates to a 3.1% all-year growth in 2021, after a sharp contraction of 5.6% in 2020, which was the worst since the 1998 Asian financial crisis where the economy shrank by 7.4%.
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