MARC's Quah Boon Huat: In the third quarter (Q3) of 2021, the economy contracted by 4.5%, compared with an expansion of 16.1% in the previous quarter. This was despite the 37.4-point surge in Malaysia’s Consumer Sentiment Index to 101.7 in the same quarter, the first time that it broke through above the neutral 100-point level since Q3 of 2018.
THE economy is stirring; however, recovery remains fragile, and Malaysia is still in recession.
In the third quarter (Q3) of 2021, the economy contracted by 4.5%, compared with an expansion of 16.1% in the previous quarter.
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