Cautious on rebound

Wednesday, 27 Jan 2021
UOB Francis EngUOB Asset Management (M) Bhd chief investment officer Francis Eng said that the long road to recovery would hinge on the duration of the second movement control order (MCO 2.0) and whether stricter measures are enforced.
KUALA LUMPUR: The surge in Covid-19 cases in Malaysia could possibly delay the recovery in Malaysia’s economy to 2022, says UOB Asset Management (M) Bhd chief investment officer Francis Eng.
He pointed out that the long road to recovery would hinge on the duration of the second movement control order (MCO 2.0) and whether stricter measures are enforced.
“There is a possibility that we have to wait until next year for the economy to get back to pre-Covid-19 levels.

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