Finance minister: Malaysia’s 2020 GDP growth better than expected

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(The Malay Mail)

Malaysia’s gross domestic product (GDP) growth for 2020 is better than expected and the country’s economy has shown various signs of recovery, said Finance Minister Datuk Seri Tengku Zafrul Tengku Abdul Aziz.

Malaysia’s GDP contracted 3.4 per cent in the fourth quarter of 2020 (Q4 2020) amid a significant increase in Covid-19 infections, bringing the overall performance of the year to -5.6 per cent following global restraint order and border closures.

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