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.