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Malaysia suffers worst year since 1998 Asian crisis
Bloomberg
Malaysia’s economic contraction quickened again in the fourth quarter, as a fresh virus wave late last year helped drive the economy to its worst annual showing since the Asian financial crisis.
GDP shrank 3.4 percent in the quarter from a year earlier, its third straight contraction and a deeper decline than the minus-3.1 percent figure analysts surveyed by Bloomberg were expecting.
The fourth-quarter figure compares with the third quarter’s revised 2.6 percent year-on-year contraction.
Foreign workers wait in line to be tested for COVID-19 outside a clinic in Kajang, Malaysia, on Oct. 26 last year.
The Straits Times
Expert says MCO could have been imposed on Sabah after spike in cases due to state polls
A motorist in Selangor getting swabbed at a drive-through Covid-19 testing centre. A two-week movement control order began yesterday in five Malaysian states and all three federal territories. PHOTO: BLOOMBERG
PublishedJan 14, 2021, 5:00 am SGT
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Malaysia reported its biggest daily rise in coronavirus cases on Thursday as the government considered imposing restrictions in some areas, while businesses warned that another nationwide lockdown would further batter the economy.