Still a long road to recovery, say business groups

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MCOs and district and border closures will continue to weigh heavily on the economy.PETALING JAYA: The economy may not sink back to the depths it plumbed during the second quarter of last year, but business groups see the country continuing with its struggle to come up for air.They say recovery is still a long way off.In its quarterly economic report, the Socio-Economic Research Centre (SERC) said 2021 will be a year of recovery, with the worst effects of the pandemic likely to be overcome.“But I continue to see very uneven performances in some sectors that warrant continued monitoring by the government to make sure the recovery is broad-based and sustained going into next year,” said SERC executive director Lee Heng Guie. Shaun Cheah, executive director of the Malaysian International Chamber of Commerce and Industry, said the various movement control orders imposed this year h…