Think-tank cuts GDP growth estimate to 4% due to MCO 

Chan Kok Leong

A market in Kota Kinabalu on January 28. Effective implementation of the largest ever fiscal stimulus (total expenditure of RM322.5 billion) or -5.4% of GDP budget deficit could enhance a faster domestic demand driven recovery, says Socio-Economic Research Centre. – The Malaysian Insight pic by Irwan Majid, February 4, 2021.

THINK tank Socio-Economic Research Centre (SERC) has cut its gross domestic product growth estimates for Malaysia to 4% from the previous forecast of 5%, following the second movement control order that began on January 13.

“It is estimated that the two weeks (of) MCO and CMCO will reduce GDP growth by 0.5 percentage points. 

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