The government is expected to revise the forecast of the country's gross domestic product (GDP) growth which was previously projected at between 6.0 percent and 7.5 percent for 2021.
Minister in the Prime Minister's Department (Economy) Mustapa Mohamed said this was because the GDP growth projection made previously might not be achievable following the implementation of the movement control order (MCO 3.0) which is currently in force.
"Last time, we projected 6.0 percent to 7.5 percent, certainly it (full lockdown) will have an impact on the economy. At present, we are gathering information.
"Definitely, what we had projected earlier will not be achieved…that's for sure, just how much lower (percentage points) is still in discussions," he said when met after checking out the outreach programme with the Orang Asli community in Kampung Sungai Rual today.
Elaborating, the Jeli MP said the government also expected that the economic impact from the current full MCO would not cause a huge loss like during MCO 1.0 last year.
"For certain, there will be economic impact even though there are sectors operating during the full MCO, However, the impact would not be as bad as RM2.4 billion per day," he said.
The first phase of the full MCO is effective from June 1 to June 14 as a move to flatten the curve of the Covid-19 transmission which had surged since early April.
- Bernama
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