Unemployment could hit 13%, says MEF

MEF executive director Shamsuddin Bardan: “It’s quite optimistic. I don’t think we’re able to actually stay at 4%, now that we have 500,000 who are unemployed."

PETALING JAYA: The unemployment rate in Malaysia is a ticking time bomb as a result of the coronavirus (Covid-19) aftermath.

If not nipped in the bud, the country could be seeing an all-time high unemployment figure, higher than both the 1998 Asian financial crisis and the 2009 global financial crisis combined.