Sign up | Log in



Home  >>  Daily News  >>  Malaysia News  >>  Economy  >>  Malaysia: Economic contraction at 1.2% in Q3
NEWS UPDATES 21 November 2009

Malaysia: Economic contraction at 1.2% in Q3

Related Stories

November 19, 2009
Malaysia: Growth seen at 5% in 2010

November 13, 2009
Analysts predict Malaysia GDP to reach 3.2% in 2010

November 1, 2009
Malaysia: Govt won’t revise credit card tax policy

Malaysia’s economy shrank 1.2 percent in the third quarter, an improvement from the previous two quarters as the financial services and construction sectors gained strength, the Associated Press quoted the government as saying Friday.

The year-on-year fall in gross domestic product came amid declines in key sectors such as manufacturing, which dropped 8.6 percent, and mining, which slid 3.5 percent, the Department of Statistics said in a statement.

But it was a more moderate contraction compared with the 6.2 percent drop in the first three months of 2009 and 3.9 percent in the second quarter, the statement said.

The government last month narrowed its forecast for the contraction in the economy this year to 3 percent following stimulus measures totaling 67 billion ringgit ($=3.4 ringgit). It earlier expected the economy to shrink 4 per cent to 5 per cent. For 2010, the government has forecast growth of 2 to 3 percent.


Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand