Monday, 01 Jun 2020 05:01 PM MYT
In a statement, Ernst & Young said its 22nd edition of the EY Global Capital Confidence Barometer highlighted 62 per cent of its Malaysian respondents expect a “U”-shaped recovery period of slower economic activity extending into 2021. “The general consensus by the Malaysia respondents seems to indicate that there is an imminent risk of a recession, the magnitude of which is anticipated to be large with a prolonged U-shaped recovery.
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