InvestPenang is optimistic about Penang’s recovery post-Covid-19, driven by the State’s steady
Gross Domestic Product (GDP) growth at an average of 5.0% annually from 2016 to 2019
despite challenges posed by the pandemic. The State’s GDP recorded RM92.6 billion in 2020,
whereby the manufacturing sector grew 2.8% year on year in 2020 compared with 2.7% in 2019,
which helped to cushion negative growth experienced in other sectors during the same period.
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