Gradual U-shaped economic recovery post-MCO

Lee Heng Guie: It is hoped that a release of pent-up demand will be gradually restored going into the late third quarter of 2020.

MOST businesses in Malaysia will undergo a shutdown for another two weeks, on top of the almost one-month movement control order (MCO) that has been in effect since March 18.

The decision to extend the MCO until April 28 was announced by Prime Minister Tan Sri Muhyiddin Yassin yesterday. The bright side, he said, was that more sectors would be allowed to operate during the next two weeks.