Eng says Malaysia’s economic recovery is uneven
Lim says focus on ESG issues is here to stay
PETALING JAYA: The unfolding movement control order 2.0 (MCO 2.0) introduced to address the surge in the number of Covid-19 positive cases in Malaysia will be a key factor for economic recovery, according to UOB Asset Management (Malaysia).
Its chief investment officer Francis Eng views the country as going through some uneven recovery with a possibility to bounce back to pre-pandemic levels in 2022 or later this year, depending on how MCO 2.0 unfolds, as the situation is very fluid and difficult to predict.
For Asia, he anticipated a recovery to pre Covid-19 levels to take place in 2021, led by China.