RM45b stimulus needed after unemployment rise and lower production

RM45b stimulus needed after unemployment rise and lower production - Hello loyal readers FeedGoogle, In the article you are reading this time with the title RM45b stimulus needed after unemployment rise and lower production, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

MP SPEAKS | An additional RM45 billion economic stimulus package is urgently needed for Budget 2021 to save jobs following the unexpected rise in the unemployment rate to 4.7 percent and the contraction of the industrial production index (IPI) by 0.5 percent in October 2020.The Department of Statistics Malaysia (DOSM) recently announced there were 748,200 unemployed persons in October, an increase of 0.1 percent to 4.7 percent in October compared to 4.6 percent in September.The country’s year-on-year (y-o-y) IPI contraction in October 2020 by 0.5 percent was a surprise following three consecutive months of growth in July, August, and September, as the nation contended with the economic impact of the Covid-19 pandemic. DOSM said prior to the IPI’s y-o-y 0.5 percent contraction in October 2020, the IPI grew 1.2 percent in July, 0.2 percent in August, and one percent in September…