United Overseas Bank (Malaysia) Bhd (UOB Malaysia) expects the stronger-than-expected export growth of 31% year-on-year (y-o-y) in March will contribute positively to the overall Gross Domestic Product (GDP) in the first quarter of 2021 (Q1 2021). Senior economist Julia Goh said the strong export growth of 18.2% y-o-y in Q1 2021, propelled by the strong performance in March, augured well for the current account surplus and helped to cushion the impact of Covid-19 containment measures on overall GDP during the quarter
