BNM: Unemployment rate to exceed 4% in 2Q20

Published on 13 May 2020 8:03:45 PM

Bank Negara governor Datuk Nor Shamsiah Mohd Yunus says labour market conditions are expected to worsen in the second quarter of this year (2Q20), with the unemployment rate exceeding above 4% as companies take drastic measures to cut cost amid movement control order and weak demand.

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