MCO 2.0 less severe on economy, says AmBank Research

Rela personnel checking the temperatures of market goers at the entry point of Jalan Penaga which was closed to motorists near Jelutong wet Market during MCO 2.0. -ZAINUDIN AHAD/The Star 17 Jan 2021

KUALA LUMPUR: The second round of the movement control order or MCO 2.0 is expected to be less hard hitting on the economy as compared to the impact which the first MCO had when enforced in March last year.

AmBank Research said on Monday while some dent could be expected in the immediate term, it was unlikely for the economy to report an extremely slower growth in 2021.