Weak consumer confidence poses challenge


By JOY LEE

Professor of Economics at Sunway University Business School Dr Yeah Kim Leng noted that all eyes are on the number of new cases, which has remained high despite almost a month of new movement restrictions.

KUALA LUMPUR: While there is a general consensus that the economy will see a substantial recovery in the second half of the year, there are also concerns that declining consumer confidence would further impact businesses in the short term amid rising Covid-19 cases.

Professor of Economics at Sunway University Business School Dr Yeah Kim Leng noted that all eyes are on the number of new cases, which has remained high despite almost a month of new movement restrictions.

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