Economics
Malaysia’s Economy Sees Worst Year Since 1998 Asian Crisis
- Contraction deepens to 3.4% year-on-year in fourth quarter
- Activity should pick up with lockdown due to lift Feb. 18
The economy contracted 5.6% for all of 2020, its worst performance since 1998 and below the government’s projection of -3.5% to -5.5%.
Photographer: Samsul Said/BloombergThis article is for subscribers only.
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Malaysia’s economic contraction quickened again in the fourth quarter, as a fresh virus wave late in 2020 helped drive the economy to its worst annual showing since the Asian financial crisis.