Youth Unemployment Expected to Worsen

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SOME ECONOMISTS BELIEVE that the ongoing economic crisis set off by the Covid-19 pandemic can rival the 1929 Great Depression. In Malaysia the national unemployment rate rose to 3.9% last March, coinciding with the start of the Movement Control Order (MCO); and in the coming months, the Malaysian Employers Federation (MEF) believes that about 2 million citizens could potentially face retrenchment. Youths are among the most vulnerable groups. To discuss the question, the organisation Research for Social Advancement (REFSA) and UNDI18 jointly hosted the webinar titled Post-COVID-19: What lies ahead for Malaysian Youths? last May. The panellists were former CEO of ...


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