Malaysia's economy projects growth of 5.5% in 2022 Malaysia's economy shrank 4.5% in the third quarter, contracting by more than expected after its rebound in the second quarter, but the central bank expects a quick recovery as coronavirus restrictions are eased and economic activities resume. The third quarter performance was markedly worse than the median forecast for a 1.3% year-on-year contraction from a Reuters poll of economists. But Bank Negara Malaysia (BNM) said recent indicators suggested a more positive momentum going forward. A pickup in production and construction activities, an improved labour market, and strong external demand would all support a recovery, the central bank said, projecting economic growth between 5.5%-6.5% in 2022. "The growth outlook remains subject to COVID-19 risk factors globally and domestically, stability in global financial markets
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