Thursday, 25 Feb 2021 10:29 PM MYT
On a monthly basis, Malaysia’s economy declined 4.7 per cent in October, -4.0 per cent in November, and -1.7 in December. Picture by Hari Anggara
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PUTRAJAYA, Feb 25 Malaysia’s economy is expected to show better prospects in the next few months based on the Leading Index performance which recorded 108.8 points in December 2020 compared with 101.6 points in the same month in 2019, as well as maintaining the annual growth of 7.1 per cent since November 2020.
The Department of Statistics Malaysia (DoSM) chief statistician Datuk Seri Mohd Uzir Mahidin said as countries globally including Malaysia are in the process of launching the Covid-19 vaccine programmes, Malaysia together with the global economies were projected to return to positive growth this year.
Malaysian economy expected to turn positive this year on Covid-19 vaccine roll out theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
Jennifer Castle, Jurgen A. Doornik, David Hendry
Europe remains firmly in the grip of the coronavirus pandemic. The resurgence in the incidence of infection, together with the appearance of new, more contagious variants of the coronavirus, has forced many member states to reintroduce or tighten containment measures. The European economy is thus set to open the year on a weak footing. At the same time, the start of vaccination programmes throughout the EU provides grounds for cautious optimism.
A feeble start to the year for the European economy…
Following a sharp increase in reported infections in mid-November and the spread of new, more infectious variants of the virus, governments were forced to reintroduce containment measures, restrict cross-border movements, or reinstate lockdowns to contain the surge in hospitalisations and a filling up of intensive care units. These interventions have generally been more targeted and less harsh than those imposed in spring 2020. Together
EN+ GROUP ANNOUNCES 4Q AND FY 2020 TRADING UPDATE The rapid spread of the COVID-19 virus from early 2020 led to a decline in business activity and a rapid deterioration of commodity markets, marked by considerable bouts of volatility. The second half of 2020 saw our end markets stabilise, and then show signs of recovery in 4Q 2020. Despite these challenges, En+ continued to move forward with confidence and maintained stable operating performance both in its Metals and Power segments. Aluminium production remained at the same level as 2019, while power generation delivered year on year production growth, in part driven by the benefits of our New Energy modernisation programme. Despite the pandemic, electricity demand in Siberia saw only an insignificant decline, prices remained broadly stable over the year and favourable hydrological conditions supported the Group s power generation. In response to the challenging market environment caused by COVID-19, the Metals segmen