Economist Makes Dire Forecast for Several Sectors
PETALING JAYA: An economist has warned that the media, retail, and finance industries may be among those that will bear the brunt of an economic slowdown expected next year.
Yeah Kim Leng, a professor of economics at Sunway University, said companies in such sectors were likely to face the worst types of disruption in the face of digitalisation and would need to restructure their business models to survive.
“Those who resist change and those who do not improve and upgrade their skills will not survive,” he told FMT.
He noted that the media industry was already suffering but said the worst might be yet to come as companies cut their spending on advertising.
For more information, kindly visit here.
