PETALING JAYA: The Pemulih and previous stimulus packages are expected to churn out more economic activities in the second half of the year.
TA Securities Research said this is especially so with the rising economic challenges as the extension of the first phase of the National Recovery Plan (NRP) is expected to lead to higher unemployment rate and more economic losses.
This is expected to have a significant impact on private consumption and an approximate RM45bil loss in the second quarter, according to the research house.
“The estimated RM1bil loss per day is expected to continue in July as the lockdown is extended until further notice, ” it said.