KUALA LUMPUR: CGS-CIMB Equities Research estimates the two-week “total lockdown” Phase 1 will entail aggregate capacity cuts of 25% of GDP or economic losses of RM1bil a day, milder than MCO 1.0 (RM2.4bil a day) in March last year.
The research house said on Monday its estimation of the economic losses was based on the list of 17 approved economic activities during the two-week period from June 1 to 14.
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