Malaysia: Economists see less severe impact from MCO 2.0, state of emergency


Malaysian Economic Association deputy president and Sunway University Jeffrey Sachs Centre on Sustainable Development senior fellow Prof Dr Yeah Kim Leng.

KUALA LUMPUR, Jan 12 (Bernama): The Malaysian economy will likely take another hit in 2021 but at a less severe level compared to when the Movement Control Order (MCO) was imposed during the first two Covid-19 waves in 2020, economists said.

Following the MCO last year, second-quarter Gross Domestic Product (GDP) shrank by 17.1 per cent.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Aseanplus News

Indonesia sues firms over environmental harm in flood zone
‘His works and ideals inspire innumerable people’: Indian PM Modi pays tribute to Tamil poet Thiruvalluvar
FMT journalist Rex Tan resigns
Desperate Cambodian workers flee crisis, sneak into Thailand
Two men behind South Korea's worst-ever wildfires get suspended prison terms
Oil prices inch up as market evaluates supply risks
The world’s most powerful passports 2026: Malaysia in ninth place
BWF act after players raise health concerns at Indian Open
Australia warns of floods, fires after cars washed away
Fury over Grok sexualised images despite new restrictions

Others Also Read