Lee Heng Guie: We reckon that the worst of economic output contraction is behind us as the incoming high frequency data continued to mend gradually from the historic slump.
The economy needs a strong booster dose from the upcoming budget since considerable risks remain that may temper the early signs of stabilisation and recovery.
Budget 2021 on Nov 6 will be presented at a time when the economy is still reeling from the Covid-19-induced worst economic contraction of 17.1% year-on-year (y-o-y) in the second quarter (2Q 2020).
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
