Economy to reach tipping point after EPF withdrawals, says economist

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The i-Sinar withdrawals made by Malaysians from their EPF accounts is actually the main stimulus that the people are getting in 2021, says Geoffrey Williams. (Bernama pic)PETALING JAYA: An economist says a tipping point is on the horizon as the i-Sinar withdrawals from the Employees Provident Fund (EPF) are disbursed.According to Geoffrey Williams of the Malaysian University of Science and Technology (MUST), based on the current trajectory it is likely Malaysia’s economy will take years to reach pre-pandemic levels.He was speaking at a webinar as part of the “Future Malaysia Discourse Series” tonight.Williams said Malaysians were also in the middle of a “survival trap”, with those making EPF withdrawals likely drawing on some of their last funds as they hope to ride out the pandemic.The different scenarios Malaysia could face depends on the impact of the i-Sinar withdrawals fr…