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Malaysia's latest Covid lockdown won't hit the economy as much as last year, finance minister says

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The ongoing lockdown is estimated to cost 700 million ringgit ($172.7 million) a day in lost GDP, said Finance Minister Zafrul Aziz.

after Malaysia tightened measures in several states and territories two weeks ago.

Zafrul also said his ministry is maintaining its budget deficit forecast of 5.4% of GDP. Malaysian Prime Minister Muhyiddin Yassin last week announced"We will monitor this. If there is a need for further fiscal injection to help, to revive the economy in the short term, it's something that the government has to do and that will obviously have an impact deficit," said Zafrul.

 

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what they forgot to mention was there is no economy left to hit lol

wow

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