Malaysian Institute Of Economic Research Mier
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Malaysian institute of economic research mier. Assuming the movement control order mco is extended for another two weeks to contain the covid 19 pandemic malaysia s real gross domestic product gdp may shrink about 2 9 for 2020 compared to 2019 s resulting in some 2 4 million people losing their jobs according to the malaysian institute of economic research mier. On 21st march 2020 after the first outbreak of covid 19 undertook a review of the pandemic we announced the results of a preliminary analysis of the economic impact of the outbreak at that early stage which shows that our gdp would be reduced by 0 15 best case and 0 77. Malaysian institute of economic research mier kuala lumpur malaysia. The list of acronyms and abbreviations related to mier malaysian institute of economic research.
Mier said this is an additional rm75 billion on top of the rm20 billion stimulus. Malaysian institute of economic research mier 9th floor menara dayabumi jalan sultan hishamuddin kuala lumpur 50050 malaysia tel 60 3 2272 5895 7 fax 60 3 2273 0197. It was first mooted in the prime minister s economic panel and later promoted by the council on malaysian invisible trade. Kuala lumpur march 24 the malaysian institute of economic research mier has proposed that the government set aside an extraordinary crisis budget of rm95 billion to mitigate the economic impact of covid 19.
Serve as a bridge between the. The malaysian institute of economic research mier undertakes independent and high quality problem oriented research on economic financial and business issues facing the country and provides advice on macroeconomic management development and future economic perspectives. Mier presented its economic forecast for 2020 on 29th july 2019 projecting growth for the year to be around 4 7. Malaysian institute of economic research is an independent non profit organisation devoted to economic research that serves as a think tank for the government and the private sector.
In undertaking this task the institute seeks to achieve the following objectives. The malaysian institute of economic research mier is an independent non profit organisation devoted to economic financial and business research that serves as a think tank for the government and the private sector.