JELI – 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% and 7.5% for 2021.
Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said that this was because the GDP growth projection made previously cannot be achieved following the implementation of the movement control order (MCO 3.0) which is currently in force.
“Last time, we projected 6.0% to 7.5%, 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 under discussion,” he said when met after an outreach programme with the Orang Asli community in Kg Sg Rual today.
The Jeli MP, however, said the government also expected that the economic impact from the MCO 3.0 will not cause a huge loss like the MCO 1.0 last year.
“For certain, there will be an economic impact even though there are sectors operating during the full MCO, however, the impact would not be as bad,” he said.
The first phase of the full lockdown is effective from June 1 to June 14 as a move to flatten the curve of Covid-19 transmission which had surged since early April. – Bernama, June 5, 2021
