Economy shrinks 12.3% in Q2

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Maldives’s economy contracted 12.3 percent in the second quarter of 2026 compared to the first quarter, according to the latest Quarterly National Accounts released by the Maldives Bureau of Statistics (MBS).   Real GDP stood at MVR 25.1 billion in 2026 Q2, a decline of MVR 3.5 billion from MVR 28.7 billion in the previous quarter. This marks the sharpest quarter-on-quarter contraction