KUALA LUMPUR: The government’s move to allow selected economic sectors to commence operations in stages amid the extension in the movement control order (MCO) is positive for private consumption and its spillover effects on the economy.
AmBank Group chief economist Anthony Dass told StarBiz that allowing certain selected economic sectors to resume operations would help private consumption to stabilise and is a positive move by the government.
It would also help in generating income for workers in the specific sectors and this would fuel private consumption which bodes well for the economy.
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