To optimists, though, there is some interesting data which could point towards some level of recovery, which the government is also banking on – phase four of the National Recovery Plan (NRP). As west coast states of the peninsula account for about 73% of the country’s GDP, this is the priority region from the economic recovery perspective. “These questions are key as economic sectors need time to adjust and adapt to the new business norm,” he says. As more economic sectors are opened, with a higher operating capacity, economic growth could pick up once again. Firdaos concurs on the impact of pent-up demand on economic recovery.
