The Impact of COVID-19 on Unemployment and Poverty in Malaysia

TLDRUnemployment in Malaysia has reached a 27-year high due to the COVID-19 recession and movement control order. As many as 2.4 million Malaysians are expected to fall into poverty. The pandemic has led to job losses, especially for those in the bottom 40 percent. Many have relocated to rural areas for a simpler and cheaper life. The government has introduced economic stimulus packages, but the effectiveness relies on factors beyond its control.

Key insights

📉Unemployment in Malaysia has reached a 27-year high due to the COVID-19 recession.

💔As many as 2.4 million Malaysians are expected to fall into poverty due to the pandemic.

🌆Many Malaysians have moved from cities to rural areas for a simpler and cheaper life during the pandemic.

💼Job losses have affected those in the bottom 40 percent the most.

💸The Malaysian government has introduced economic stimulus packages to help struggling households.

Q&A

How has COVID-19 impacted unemployment in Malaysia?

COVID-19 has led to a 27-year high in unemployment rates in Malaysia.

How many Malaysians are expected to fall into poverty due to the pandemic?

As many as 2.4 million Malaysians are expected to fall into poverty.

Why have many Malaysians moved from cities to rural areas during the pandemic?

Many Malaysians have moved to rural areas for a simpler and cheaper life during the pandemic.

Who has been most affected by job losses?

Those in the bottom 40 percent have been most affected by job losses.

What measures has the Malaysian government taken to help struggling households?

The Malaysian government has introduced economic stimulus packages and welfare programs to help struggling households.

Timestamped Summary

00:01Unemployment in Malaysia has reached a 27-year high due to the COVID-19 recession and movement control order.

00:09As many as 2.4 million Malaysians are expected to fall into poverty because of the pandemic.

01:11Many Malaysians have moved from cities to rural areas for a simpler and cheaper life during the pandemic.

02:23Job losses have affected those in the bottom 40 percent the most.

03:29The Malaysian government has introduced economic stimulus packages and cash handouts to struggling households.