Global unemployment had increased in April and May,
especially in the United States (US) where 40 million of its people are jobless
due to closed business and economic contraction. Malaysia was affected too
where companies are forced to suspend their operation to contain the virus from
spreading, causing unemployment rate to rise 3.9 per cent. Crisis between US
and China could further stall economic recovery, causing risk aversion and
volatility in the financial and commodities market according to Bank Islam
chief economist Dr Mohd Afzanizam Abdul Rashid.
- The Star, 31 May 2020.
Comments
Post a Comment