COVID-19 Outbreak: An Analysis of Malaysian Household Income Class During Movement Control Order (MCO)

• Ismail, Mohd Khairi ^[1] ; Kumaran, Vikniswari Vija ^[1] ; Munawwarah, Siti Nurul ^[2] ; Muhamad, Muhamad Zahid ^[3] ; Sarifuddin, Syamsulang ^[4]
  1. [1] Faculty of Business & Management,UNIVERSITI TEKNOLOGI MARA (UiTM), MALAYSIA
  2. [2] Faculty of Business Management and Professional Studies, MANAGEMENT & SCIENCE UNIVERSITY, MALAYSIA
  3. [3] Faculty of Plantation and Agrotechnology, UNIVERSITI TEKNOLOGI MARA, MALAYSIA
  4. [4] ELM Business School, HELP UNIVERSITY, MALAYSIA

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• Localización: Estudios de economía aplicada, ISSN 1133-3197, ISSN-e 1697-5731, Vol. 39, Nº 4, 2021 (Ejemplar dedicado a: Managing Economic growth in post COVID era: Obstacles and prospects)
• Idioma: inglés
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  • The outbreak of COVID-19 has caused the Malaysian Government to take several steps towards the implementation of Movement Control Order (MCO). According to Bank Negara Malaysia, the implementation of MCO affects the national income with the estimated economic growth of Malaysia in 2020 which is expected to be around -2% to 0.5%. The effects of MCO due to COVID-19 not only affects the macro level but at micro level as well, especially those group of households. The group of households were expected to face high economic risk and directly affect their consumption patterns during the implementation of MCO. This study will analyze the pattern of households’ consumption in Malaysia based on different income groups which is B40 and M40 during the implementation of MCO due to the spread of COVID-19 pandemic. The findings show that the groups of household experienced changes in daily consumption patterns after the implementation of MCO. In addition, due to insufficient savings, this has caused the households stay anxious of their consumption especially if the MCO is further extended for longer period.