Research house says the economy shrank by 4.8%

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It sees gradual improvement ahead, though risks remain in political and trade uncertainties and Covid-19. FMTNews

The economy is expected to gradually improve, though risks remain, says MIDF Research

Bernama reported that the agency said the economic fallout in the second quarter of this year was significantly worse than predicted. “Domestically, the rise in Covid-19 is very localised thus far. However, fears of the adverse situation abroad being echoed in Malaysia is still present,” it said, Bernama reported.

 

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