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Malaysia’s economy contracts -5.6 pct in 2020

Malaysia’s economy contracts -5.6 pct in 2020
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– Malaysia’s economy contracted 3.4 per cent in the fourth quarter of 2020 (4Q20) with the resurgence in COVID-19 infections, bringing the year’s full reading, which was marked by lockdowns and border closures globally, to -5.6 per cent.

The manufacturing sector was a major contributor in the fourth quarter, while services, plantation and mining shrank…

To read more: https://www.bernama.com/en/news.php?id=1930696

SOURCE: BERNAMA

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