BNM: Malaysia 1Q GDP registers smaller on-year decline of 0.5% on domestic demand, export improvementThe Malaysian economy, as measured by gross domestic product (GDP), registered a decline of 0.5% in the first quarter of 2021 (1Q21) from a year earlier, supported mainly by the improvement in domestic demand and export performance, particularly for electrical and electronic (E&E) products, as the country contended with the impact of the Covid-19-driven Movement Control Order (MCO) and the continued closure of international borders to curb the spread of the pandemic.