Malaysia growing steadily, but headwinds remain

The economic recovery continued to be driven by services and manufacturing, which collectively contributes to more than 80% of total gross domestic product (GDP). (Fle pic shows workers packing cooking oil at a factory in Klang. AZHAR MAHFOF/The Star)

MALAYSIA’S economy grew at a stronger pace of 5% year-on-year during the first quarter of 2022 and this was largely driven by broader reopening of the economy that supported the continued recovery of domestic demand.

The economic recovery continued to be driven by services and manufacturing, which collectively contributes to more than 80% of total gross domestic product (GDP).