MCO 2.0 less severe on economy, says AmBank Research

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KUALA LUMPUR: The second round of the movement control order or MCO 2.0 is expected to be less hard hitting on the economy as compared to last year.

Rela personnel checking the temperatures of market goers at the entry point of Jalan Penaga which was closed to motorists near Jelutong wet Market during MCO 2.0. -ZAINUDIN AHAD/The Star 17 Jan 2021

Assuming the overall economic capacity of around 50% to 60% in the 1Q 2021 and an improvement to between 70% and 80% in 2Q with gradual easing of restrictions and that the economy operates as usual in the second half, it projected a reduction in domestic gross domestic product to be between 0.6% and 1.3%.“Upside to growth still remains, depending on external and domestic, ” it said in a report today.

“These five states and three federal territories account for about 66% of the national gross domestic product . It projected Brent crude oil price will average between US$50 and US$53 per barrel while the crude palm oil is expected to average around RM3,000 to RM3,200 per tonne.

 

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because there is not much left to ruin after the first one....

Utter bullshit!

2020 was just the trailer...2021 is the movie

Yeah right. Source: trust me bruh

You don't say? Because it's actually not the same as the first MCO?!

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