Unemployment getting serious
Description: Looks like in South East Asia seems to have a huge hit on unemployment and Malaysia has not been spared. It seems like its going to be reaching 4% rate really soon.
The last time it was around this area was around 1999 during the economic crash where our Malaysian currency had to be pegged to prevent further deflation. This time around seems different since its effect is globally.
Lets hope that things will recover very soon as I do think that we would be able to recover very fast as soon as international travel is safe once more without much restrictions.
Cheers and have a great Sunday all