Report: Daim Zainuddin says finance minister’s prediction of Malaysia’s economic recovery in 2021 ‘premature’ | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 86%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Report: Daim Zainuddin says finance minister’s prediction of Malaysia’s economic recovery in 2021 ‘premature’

Daim called the aftermath of the Covid-19 pandemic as unlike any other in living memory. — Bernama pic

“It is very premature to claim that we will get out of the woods soon. The contraction of the economy will push back our progress by at least a couple of years. On June 2, it was reported that Tengku Zafrul said that some 10.25 million people or close to 70 per cent of the workforce had returned to work as of May 17, up from 6.64 million people or 43.6 per cent a week earlier.

The MTUC and employers associations have predicted that up to two million people could lose their jobs in the impending recession later this year. “It is also magnified by the US-China trade tensions. At the moment I don’t see an end in sight. That, essentially, is what we are facing now,” Daim said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The new FM needs to b given breathing space to do his job. At th very least, he's not a run off th mill developer/businessman tht became a crony of PM4 tht got rich thru projects. If he fails then deride him all u want but till then, all these nonsense are jst tht - nonsense.

Its only a prediction from a human being Tun. Not 'kata suci' from the Almighty. If this is your time as Finance Minister, you will also make predictions to please the rakyat. right?

Let the new guy do his thing. You used to be a hero of circumstances once...but it does not mean you knows all. Support him by being old wise guy..tapi jangan jadi termites at the same breath.

Dinosaur

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

2021 economic recovery prediction ‘premature’, says ex-finance minister | The Malaysian InsightDaim Zainuddin expects contraction of economy to push back progress by at least a couple of years,
Source: msianinsight - 🏆 8. / 63 Read more »

Finance minister says Britain to urgently review distancing rule | Malay MailLONDON, June 14 — Britain will urgently review its two-metre social distancing rule as it tries to help the economy recover from a 25 per cent coronavirus crisis collapse, finance minister Rishi Sunak said. Progress in tackling the coronavirus meant Britain was able to take a “fresh look” at...
Source: malaymail - 🏆 1. / 86 Read more »