KUALA LUMPUR: Malaysia’s labour productivity contracted by -5.4% in 2020, which was the first time since the 2019 global financial crisis, due to the fallout from the Covid-19 pandemic, but output is expected to rebound this year.
The Malaysia Productivity Corporation (MPC) said on Monday the on-year 5.4% decline was due to the pandemic which had severely impacted economic activities locally and globally.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!