KUALA LUMPUR, April 23 — Economic activities, including trade and investment, are expected to fully rebound by the third quarter of 2020 (Q3) and further strengthen through 2021, based on the Malaysian Institute of Economic Research (MIER) best-case scenario.
Meanwhile, under the worst-case scenario, production and trade will rebound but only up to 96 per cent -98 per cent by Q4 2020 and into Q1 2021 as well, said MIER chairman Tan Sri Dr Kamal Salih.
“For both scenarios, we take into account the government’s PRIHATIN total stimulus package of RM260 billion, with the supposition that only 20 per cent of the non-fiscal injection (RM225 billion) will be realized into new capital formation across the economy,” he told an online press conference on MIER National Economic Outlook 2020/2021 Report today.
— Bernama
