KUALA LUMPUR: The Leading Indicator (LI) for March 2020 recorded its largest monthly drop since November 1991, following the imposition of a two-week Movement Control Order (MCO) beginning on March 18 to curb the spread of Covid-19.
The Department of Statistics Malaysia (DOSM) chief statistician Datuk Seri Dr Mohd Uzir Mahidin said based on the previous global economic crises, it found the expectation of LI for the next four to six months to reflects the forthcoming reality of the economic recession.
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