KUALA LUMPUR: Malaysia’s economy shrank by 4.5% in the third quarter ended Sept 30, 2021 compared with a 16.1% expansion in the second quarter but the economy is on a recovery trajectory in the fourth quarter and extending into 2022.
Bank Negara Malaysia said on Friday the Malaysian economy is expected to improve following the normalisation of economic activities. For 2021, the domestic economy is on track to expand by between 3% and 4%.
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