The Malaysian economy shrank more than expected in the third quarter, data published by Bank Negara Malaysia revealed on Friday.
Gross domestic product contracted 4.5 percent on a yearly basis in the third quarter, in contrast to the 16.1 percent expansion logged in the second quarter. Economists had forecast a moderate fall of 1.3 percent.
The central bank governor Datuk Nor Shamsiah said, "Progressive lifting of containment measures and continued improvements in the labour market will be key to support the recovery going forward".
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.