: For an ordinary Malaysian like factory worker Jeffery Sinniah, the future looks bleak. Many will have to tighten their belts further as prices continue to rise while wages remain stagnant or, in many cases, depleted as a result of the economic impact of the Covid-19 pandemic.
Those in the lower-income group are the hardest hit, according to Sunway University professor of economics Dr Yeah Kim Leng. Yeah said that apart from inflation, which is now at 3%, disruptions in the supply chain has also pushed prices even higher. Yeah said another factor that has worsened the financial situation for Malaysians is the fact that the country relies heavily on food imports.The bottlenecks in the global supply chain, also caused by the Covid-19 pandemic, only adds to the pain.
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