Economy contracts again in Q3


Malaysia is now experiencing the third wave of Covid-19 and most states in the peninsula and Sabah are in the CMCO phase with households and businesses having to adjust to mobility restrictions. – The Malaysian Insight pic by Irwan Majid, November 13, 2020.

THE economy contracted 2.7% in the third quarter, the second consecutive negative growth quarter after Q2’s -17.1% at the height of the movement-control order (MCO).

However, the growth trajectory for 2021 remains on track despite a resurgence of the coronavirus and containment measures, Bank Negara governor Nor Shamsiah Mohd Yunus said.


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