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Malaysian SMEs’ GDP shrank 7.3% in 2020, more than overall economy’s contraction of 5.6%

KUALA LUMPUR (July 28): Malaysia’s small and medium enterprises’ (SMEs) gross domestic product (GDP) in 2020 contracted 7.3%, sharper than the decline in Malaysia’s GDP and non-SMEs GDP, which shrank 5.6% and 4.6% respectively, according to the Department of Statistics Malaysia (DOSM) chief statistician Datuk Seri Dr Mohd Uzir Mahidin.

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