Jobless rate set to hit 5% soon even as economy rolls along

Bernard Saw

Small businesses make up two-thirds of the economy despite by not being largest contributors to Malaysia’s GDP. – The Malaysian Insight pic by Seth Akmal, May 23, 2020.

MALAYSIA’S unemployment rate will hit 4.5% to 5% within a few months because of the economic impact caused by Covid-19 pandemic, said economists.

The unemployment rate already hit a high mark of 3.9% in March, beating the previous high of 3.69% in 2000.

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