4 key indicators to spur economic recovery — Deputy Minister
21 Dec 2020 / 16:27 H.
Pix for representational purpose only.
KUALA LUMPUR: The country’s economic recovery can currently be measured by four key indicators, namely the retail sector, hotel accommodation, crude palm oil prices, and SMR 20 rubber price, said Deputy Minister in the Prime Minister’s Department (Economy) Arthur Joseph Kurup.
He said all these indicators formed the benchmark for the country’s economic recovery next year with the target of gross domestic product (GDP) of between 6.5 percent and 7.5 percent.
“The retail sector is starting to show a gradual recovery, with the hotel accommodation rate nationwide rising to 24.3 per cent after the Conditional Movement Control Order (CMCO) was lifted and interstate travel allowed.