Our GPD is Droping Again!
As another article we wrote before this showed, the economic impact of Covid-19 and therefore the movement control order (MCO) is predicted to decrease Malaysia’s real gross domestic product (GDP) growth to -2.9% for 2020, relative to 2019, says the Malaysian Institute of Economic Research (MIER).
2.4 Million Malaysians Are Going To lose Their Job
PETALING JAYA (March 25, 2020): The Malaysian Institute of Economic Research (MIER) estimates that around 2.4 million Malaysians could lose their jobs thanks to the Covid-19 crisis if the movement control order (MCO) is extended for an additional fortnight.
In a report on the economic impact of the virus’ outbreak, the think tank said the 2.4 million would mainly carries with it non-salaried jobs while unskilled workers would form up 67% of the figure.
As today, we all know it is another additional two weeks for us!
The unemployment percentage has been stable at around 3.3% to 3.4% during the last four years, from 2016 to 2019. But because of the Covid-19 pandemic this year, Malaysia's unemployment rate is predicted to increase to 4% this year, from 3.3% in 2019, said Bank Negara Malaysia (BNM).
BNM expects the labour market to be significantly weaker and therefore the unemployment rate to increase to about 4% in 2020. as compared, during the worldwide financial crisis, our unemployment rate was at 3.7% in 2009, while during the Asian financial crisis in 1998, the percentage was at 3.2%,” BNM assistant governor Marzunisham Omar told a virtual news conference on 3 April.
46.6% of Self-Employed Had Losing Their Jobs
PUTRAJAYA: A survey has found that 46.6 per cent of self-employed respondents had reported losing their jobs following Covid-19 and therefore the Movement Control Order (MCO) being enforced.
The findings of the survey also showed that the agriculture and services sectors recorded the very best percentage of job losses as compared to other sectors.
Chief Statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said the findings of the special survey showed that the agriculture and services sectors recorded the very best percentage of job losses as compared to other sectors thanks to Covid-19, with 21.9 per cent and 15.0 per cent respectively.
The first round of the consequences of Covid-19 Survey on Economy and Individuals was conducted by the Department of Statistics Malaysia (DOSM) via online from March 23 until March 31.
A total of 168,182 respondents aged 15 years and above participated in the survey.
The survey also found that an estimated 9 out of 10 respondents were still working with less than usual salaries.
Stop Waiting For Lossing Your Job? Let's Getting New Skill to Survive
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Other than these obvious reasons, there are few other reasons that you simply just cannot ignore and make excuses that why you can't do a course in digital marketing.
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