MIER projects job losses could be 2.4 million

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.