Malaysia's economy expected to contract by 4.0 pct this year -- ADB

KUALA LUMPUR, June 18 -- The Malaysian economy is expected to contract by 4.0 per cent this year before recovering to grow by 6.5 per cent in 2021, the Asian Development Bank (ADB) said. In its Asian Development Outlook Supplement released today, the ADB said the country’s external demand is likely to be weak as trade partners continue to grapple with the effects of COVID-19. “Growth in Malaysia fell...