KUALA LUMPUR: The Malaysia Productivity Corp (MPC) expects the country’s labour productivity to rebound in 2021 after a 5.4% decline last year.
Director-general Datuk Abdul Latif Abu Seman (pic) urged the public and private sectors to enhance the firms’ and individual productivity in producing goods and delivering services.
“MPC believes the productivity growth is set to climb up this year. The positive projection aligns with the International Monetary Fund’s forecast of Malaysia’s gross domestic product growth at 7% in 2021, ” he said in a statement.
He noted that the Malaysia Productivity Blueprint (MPB) had outlined five drivers for productivity growth – talent, technology, incentives, business environment and productive mindset. — Bernama