Experts predict MCO 2.0 to have less ruinous effect on economy


Bernard Saw

Most of the economy remains open for business under MCO 2.0, which is not as stringent as last year's version of lockdown and presumably, not as economically devastating. – The Malaysian Insight file pic, February 5, 2021.

THE economy will shrink in the first quarter of 2021 but not to the extent of a double-digit decline as seen when the movement control order (MCO) was first introduced in March last year, said experts.

Economists and traders said this is mainly because the version of the MCO that is currently enforced is less strict, leaving most sectors open for business.


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