Global Economic News

Malaysia Economic Growth Slows In Q1

Malaysia's economic growth eased sharply in the first quarter as measures taken to contain the spread of the coronavirus, or Covid-19, pandemic weighed on exports and domestic growth, data from Bank Negara Malaysia showed Wednesday.

Gross domestic product grew 0.7 percent on a yearly basis, much slower than the 3.6 percent rise in the fourth quarter of 2019 but confounding expectations for a decline of 1.5 percent.

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by RTTNews Staff Writer

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