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Economy

Malaysia GDP up 3.1% for 2021 after return to growth in Q4

3.6% rise in last quarter caps roller-coaster year under COVID

Kuala Lumpur in January: Malaysia's pandemic-hit economy has returned to growth.   © Reuters

KUALA LUMPUR -- Malaysia's gross domestic product expanded 3.1% in 2021, after logging 3.6% year-on-year growth in the fourth quarter, the central bank announced on Friday.

The result keeps the Southeast Asian economy on a recovery path after about two years of the COVID-19 crisis, which left thousands jobless and forced businesses to close up shop.

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