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VIRUS OUTBREAK: MALAYSIA MCO

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Analysts expect Malaysia's MCO to be extended

They are totting up the likely costs of this in the form of jobs lost and the industries that will be hit the hardest; a number of them see a downside risk to the country's 2021 GDP

Published Wed, Jan 13, 2021 · 05:50 AM

Covid-19

Kuala Lumpur

MALAYSIA'S Movement Control Order (MCO), in effect from Wednesday for two weeks, is expected to be extended on the back of the outbreak being far worse than during the last MCO in March 2020, which triggered the first round of lockdowns in the country, analysts have said.

Darren Tay, senior Asia country risk analyst at Fitch Solutions, said: "If indeed, the government hastens to re-open the economy in two weeks and the outbreak has not been brought under control, then the problem will likely only be postponed and worsened.

"We have cited this as…