Since 2015, most of emerging market and developed market have experienced an economic contraction, Malaysian economy too was not spared from this catastrophic event. Malaysian economy was badly affected during those time. Thanks to oil price crashed in 3rd quater of 2014 due to surplus of crude oil from shale oil boom in USA.
Covid-19 has causes a lot of pain to many of us. From impacting national revenue, restrictive movement, salary cut and down to retrenchment. As for Malaysia, this is the 2nd MCO extension. It will take effect from April 15th to 28th for another 2 weeks. MCO was introduced in March 18th. Then it was extended for the 1st time from April 1st to 14th. Basically Malaysians have been locked down in their peaceful house for about 3 weeks nowadays.