Malaysia’s latest economic data offers hope but Covid-19 curbs could threaten recovery

Malaysia’s economy contracted less than expected in the third quarter, shrinking 2.7 per cent from the same period last year, leading Malaysia’s central bank to offer a more positive outlook for growth next year.The decline was less severe than the 3.2 per cent forecast, which the central bank attributed to the success of Covid-19 containment measures and the gradual reopening of the economy. The decline in domestic demand also slowed and net exports rebounded.Bank Negara Malaysia said on a…

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