Moody’s: Malaysia’s GDP likely grew 0.5pc in Q1 2021
According to Moody's, the economy has benefitted from a relatively strong trade position. — Picture by Miera ZulyanaKUALA LUMPUR, May 10 — Malaysia’s gross domestic product is likely to have grown by 0.5 per cent quarter-on-quarter in the first quarter of 2021 , compared to the 0.3 per cent contraction seen in Q4 2020, said Moody’s Analytics.
Exports have been supported by recovering global demand for manufactured goods and bolstered by the surge in the global demand for semiconductors. Bank Negara Malaysia kept its benchmark policy rate unchanged at 1.75 per cent in its May 2020 announcement — the lowest level in more than 10 years.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GDP contracts by 0.5% in Q1 2021This is better than expected considering that the second nationwide lockdown had been in place in January, the chief statistician said. FMTNews GDP
Read more »
Bank Negara predicts 6-7.5pct GDP growth for 2021ECONOMY | Malaysia remains on track to achieve the forecast GDP growth of between 6.0% and 7.5% in 2021, BNM said.
Read more »
Ekonomi lebih baik, KDNK suku pertama 2021 susut 0.5 peratus - Utusan DigitalEkonomi lebih baik, KDNK suku pertama 2021 susut 0.5 peratus
Read more »
Stats Dept: Construction work value improves in Q1 2021 | Malay MailKUALA LUMPUR, May 10 — Although the value of construction work done shrank 10.5 per cent year-on-year (y-o-y) to RM31.4 billion in the first quarter of 2021 (Q1 2021), this was an improvement from the y-o-y contraction of 14.2 per cent in Q4 2020, said the Department of Statistics Malaysia...
Read more »