The Malaysian economy shrank more than expected in the third quarter as the strict containment measures weighed on private consumption and investment, 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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.