Year-end economic forecast to worsen with Covid-19 resurgence

Bernard Saw

Economists say Malaysia's year-end economic forecast will likely worsen due to a resurgence of Covid-19, with some sectors already showing signs of slowing recovery before the latest CMCO was enforced. – The Malaysian Insight file pic, October 18, 2020.

MORE than 40% of economic sectors are set to be affected with the conditional movement-control order (CMCO) enforced in two states and the federal territories, said economists.

They told The Malaysian Insight that the CMCO in Sabah, Selangor, Kuala Lumpur, Putrajaya and Labuan could not have come at a worse time as some sectors’ recoveries were already slowing down, making the new curbs a double blow.

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