Malaysia’s Q2 GDP contracts 17.1 per cent, worst performance since Asian financial crisis

Malaysia’s Q2 GDP contracts 17.1 per cent, worst performance since Asian financial crisis

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Malaysia’s gross domestic product (GDP) contracted 17.1 per cent year-on-year in the second quarter of 2020, compared to a marginal growth of 0.7 per cent in the first quarter, Bank Negara and the Department of Statistics announced on Friday (Aug 14).