MIER Reports

The Economic Impacts of COVID-19 Report of the MIER TIGER Research Group 23rd March 2020

  • MIER presented its Economic forecast for 2020 on 29th July 2019, projecting growth for the year to be around 4.7%
  • 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% (worst case).
  • We have revisited our economic analysis based on the latest development of the COVID-19 pandemic and the Government’s response including the ongoing Movement Restriction Order, which has now been extended to April 14, 2020.

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