Rebound is Slower than Expected despite Fiscal Measures
By Ong Wooi Leng, Yeong Pey Jung
January 2021PENANG ECONOMIC INDICATOR
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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