,Further economic recovery for Malaysia is expected on the back of a surge in external demand from various sectors. – EPA pic, August 16, 2021.
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MALAYSIA remains on the right trajectory for further economic recovery boosted by the surge in external demand supported by electrical and electronics (E&E), petroleum, rubber products, palm oil and chemical products, the Ministry of International Trade and Industry (Miti) said.
It said this was based on the Bank Negara Malaysia (BNM) report on the country’s second quarter of 2021 (Q2 2021) gross domestic product (GDP) which grew 16.1% year-on-year against 0.5% contraction in Q1 2021 with the manufacturing sector stood as the main contributor, recording a growth of 26.6% in Q2 2021 against 6.6% in Q1 2021.