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Economy

Malaysia GDP plunges record 17.1% in Q2 under pandemic pressure

Worse-than-expected contraction reflects lengthy coronavirus lockdown

Malaysia's central bank still expects the full-year GDP to fall between 0.5% growth and a 2% contraction.   © Reuters
P PREM KUMAR, Nikkei staff writer | Malaysia

KUALA LUMPUR -- Malaysia's economy contracted 17.1% on the year in the second quarter, the central bank announced on Friday, reflecting the dire impact of the coronavirus lockdown imposed through the three-month period.

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