Second strict lockdown can cause economy to collapse, warns Eurocham Malaysia

KUALA LUMPUR, Jan 8 (Bernama): EU-Malaysia Chamber of Commerce and Industry (EuroCham Malaysia) has warned that a second lockdown similar to that imposed in March and April last year may lead to a potential collapse of the Malaysian economy as many businesses would shut down.

Chief executive officer Sven Schneider said the states most affected by Covid-19 were also the commercial and industrial hubs of the nation, which would multiply the impact of any strict lockdown to be implemented.