Malaysia’s GDP likely contracted in third quarter

Malaysia’s economy likely slipped back into contraction in the third quarter as coronavirus-induced restrictions brought economic activity to a near-standstill.

KUALA LUMPUR: Malaysia’s economy likely slipped back into contraction in the third quarter as coronavirus-induced restrictions brought economic activity to a near-standstill, a Reuters poll found.

After bouncing back from its worst recession in more than two decades in the second quarter, the South-East Asian economy shrank 1.3% in July-September from a year earlier, according to the median forecast of 20 economists in the poll.