With gloomy job prospects looming, economist says only way out is lifting MCO

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An economist says the sooner the MCO is lifted, the sooner can we expect a recovery and the emergence of new opportunities for job-seekers.PETALING JAYA: An employers group has warned that the national job market is set to look bleaker due to the Covid-19 crisis, while an economist says the only way to improve this outlook is by gradually lifting the partial lockdown. The Malaysian Employers Federation (MEF) said the majority of employers would likely stop hiring new workers, adding that the job market would be “very depressed”. MEF executive director Shamsuddin Bardan said firms would mainly look towards reducing their workforce or maintaining their current size. “It is not likely that companies will replace employees who may be leaving due to natural attrition such as retirement and resignation. “Bank Negara Malaysia (BNM) had forecast the unemployment rate for 2020 to be at 4%.…