Malaysia's first-quarter GDP unexpectedly expands, but tough second-quarter looms
Share:
KUALA LUMPUR (Reuters) - Malaysia's economy grew marginally in the first quarter, execeeding expectations, but will likely contract in April-June as the coronavirus pandemic hits exports and domestic demand.Gross domestic product grew 0.7% in the first quarter from a year earlier, better than the 1.5% decline forecast in a Reuters poll, though still below the 3.6% growth rate in the fourth quarter.Bank Negara Malaysia said the coronavirus outbreak had affected growth across major and regional..