Asian Economic News

Malaysian Economy Shrinks In Q3

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.

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by RTTNews Staff Writer

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