SHAH ALAM – The Selangor government expects the state’s economy to grow at a slower pace of 2.09% this year due to the impact of the Covid-19 pandemic, according to Mentri Besar Datuk Seri Amirudin Shari.
The imposition of the movement control order (MCO) from March this year had affected many sectors, resulting in the lower estimated GDP growth.
“The Selangor government has prepared three scenarios based on the national GDP. Firstly, if the national GDP growth is forecast at 0.5%, then the state economic growth would be 2.09%.
“Second, if the national GDP is minus 0.5%, the state’s growth is estimated at 1.07%. Under the worst-case scenario, if the national GDP growth is at -3%, then the state’s growth is forecast at -1.47%,” Amirudin said at the Selangor state assembly sitting today.
He was replying to Elizabeth Wong Keat Ping’s (PKR-Bukit Lanjan) query regarding the Selangor government’s GDP forecast.
Selangor’s economy expanded by 6.7% last year, according to the Statistics Department.
Amirudin said the imposition of the MCO and Conditional MCO had affected the manufacturing and services sectors, which were the biggest contributors to Selangor’s economic growth.
In reply to an additional question from Leong Tuck Chee (DAP-Pandamaran) on the state’s income this year, Amirudin said the state government had achieved 90% of its projected income as of October 26.
“We targeted RM2.2 billion income for this year and to date, we have managed to rack in RM1.99 billion,” he addewd. – Bernama, November 2, 2020
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