Malaysia's economy contracted at a slower pace in the first quarter underpinned by the improvement in domestic demand and exports.
Gross domestic product declined 0.5 percent annually in the first quarter, but slower than the 3.4 percent decrease seen in the fourth quarter, Bank Negara Malaysia reported Tuesday.
The economic activity gradually picked up as the restrictions related to the COVID-19 were relaxed in February and March.
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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.