Malaysian economy shrank 5.6 pct in 2020

Malaysia's gross domestic product (GDP) contracted by 5.6 percent in 2020 compared to a 4.3 percent growth of 2019, reported Chief Statistician of Malaysia, Mohd Uzir Mahidin.

The negative growth was the first annual contraction since the economy shrank by 1.5 percent in 2009 and is the worst reported figure since the -7.4 percent in 1998 at the height of the Asian financial crisis...