Economics
Malaysian Economy Returns to Contraction as Virus Curbs Hit
- GDP shrank 4.5% y/y in 3Q, deeper than est. for 2.6% decline
- BNM sees growth rebounding in 4Q as virus curbs are lifted
Customers dine outdoors at a restaurant in the Bangsar district of Kuala Lumpur in September.
Photographer: Ian Teh/BloombergThis article is for subscribers only.
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Malaysia’s economy returned to contraction in the third quarter, the first Southeast Asian economy to report a renewed slump, but the central bank said it expects growth to rebound fast as virus curbs are eased.