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

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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.

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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.

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