PETALING JAYA: Economists are cautiously optimistic that Malaysia’s growth rate will recover despite the ongoing Covid-19 pandemic. Prof Dr Barjoyai B...
Economists are cautiously optimistic that Malaysia’s growth rate will recover despite the ongoing Covid-19 pandemic.
“Next year, we can expect a rapid growth rate of between 6% and 8%. The economy is moving in this direction with the government’s recent move of not reimplementing the movement control order despite a surge in Covid-19 cases,” he added. This can be seen in the nation’s unemployment rate in July, which stood at 4.8% but later dropped to 4.7%, he said.
“The unemployment rate may remain elevated between 4.7% and 5% in the coming months,” she said in a statement.
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