In a statement yesterday, MIER proposed that the government pledge an additional RM75bil to the crisis budget, which is comparable to the projected income loss of RM95bil.
PETALING JAYA: The economic impact of Covid-19 and the movement control order (MCO) is expected to shrink Malaysia’s real gross domestic product (GDP) growth to -2.9% for 2020, relative to 2019, says the Malaysian Institute of Economic Research (MIER).
In a statement yesterday, MIER proposed that the government pledge an additional RM75bil to the crisis budget, which is comparable to the projected income loss of RM95bil.
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
