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.

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