Rebound is Slower than Expected despite Fiscal Measures

By Ong Wooi Leng, Yeong Pey Jung

January 2021 PENANG ECONOMIC INDICATOR
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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...

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Ong Wooi Leng

heads the Socioeconomics and Statistics Programme at Penang Institute. Her work lies in labour market analysis and socio-economic development.

Yeong Pey Jung

is a senior analyst with the Socioeconomics and Statistics Programme at Penang Institute. She is a reading enthusiast and is surgically attached to her Kindle.

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