Maybank customers stand in line apart from each other at a branch in Kuala Trengganu. The bank expects the economy to shrink this year due to the MCO and falling commodity prices.
KUALA LUMPUR: Malayan Banking Bhd
(Maybank), the country's biggest financial services group, expects the Malaysian economy to shrink 3.3% this year due to the novel coronavirus (Covid-19) pandemic and the lower price of crude oil.
The bank also predicted Singapore, one of its key regional market, to fall into a recession in 2020, while growth in Indonesia to slow to 2%.
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