Rebound is Slower than Expected despite Fiscal Measures


2021 WILL BE a year fraught with economic challenges and uncertainties. The spike in Covid-19 cases since September 2020 continues to see Malaysia’s economy in distress, despite the implementation of stage-by-stage mitigation measures over the past nine months. Although a reduction in human activities is the most effective in curbing the viral outbreak, limiting human mobility equally slows down the economic recovery process. Therefore, businesses are to remain cautious. This is notwithstanding the additional stimulus packages of up to RM10bil announced by Prime Minister Tan Sri Muhyiddin Yassin on September 23, which include cash handouts, wage subsidy and special grants for small- ...

To read the rest of the article and to access our e-Archive, subscribe to us for RM150 a year.

Related Articles