“We expect continued recovery in the fourth quarter as a restoration of consumer spending will be supported by the progress of vaccination, and the containment of virus spread,” he noted.
As for country’s export growth this year, the renewed lockdown in June and July with a 60% manpower capacity for the export-oriented industries, manufacturing sector and plantation would hamper the delivery of exports shipment, he said. He said the global demand of electronics would be sustained by the increasing usage of digitalisation, data solutions and applications, as well as 5G development.
SERC’s Lee estimates inflation to increase by between 3% and 4% this year compared with -1.2% in 2020.
That's his job to analyse. The real economy is the economy of bread and butter.
Does he know when covid is ending before economy can pick up?
Remember end of last year when we had such 'positive' news being rolled out? Let's not be too hasty.
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