Klang Valley MarketView 3Q 2021

  • GDP rebounded by 16.1% in 2Q 2021 (1Q 2021: -2.3%). Except for agriculture, most economic sectors recorded an uptrend.
  • Private consumption improved 11.6% y-o-y, underpinned by the demand for necessities.
  • Unemployment rate persisted at 4.8% (1Q 2021: 4.8%) despite a contracting labour force, lower retrenchments and increased hiring activities.
  • Bank Negara Malaysia projected 2021 GDP to grow between 3.0% and 4.0%, with uneven recovery across sectors.

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Klang Valley Market View 3Q 2021

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