Mustapa: At least six months needed for country's economy to recover


KUALA LUMPUR (Bernama): The government expects the country’s economy will need at least six months to recover after the Covid-19 crisis ends, says Datuk Seri Mustapa Mohamed.

The Minister in the Prime Minister's Department (Economy) said the estimated recovery period was reasonable with the support of the right strategies.

"We pray for that, so surely we need to find another strategy to recover,” he said.

He said this to Bernama after appearing as a guest on the ‘Ruang Bicara’ talk show programme on Bernama TV Sunday (March 29) night.

He added that various sectors including the tourism, hospitality, retail and investment sectors of the country were adversely affected by the Covid-19 outbreak.

"The tourism sector, for example, visitors would not be coming into Malaysia immediately, so we have to intensify our promotional activities,” he said.

He said several Covid-19 affected countries expected their countries would take between nine months to a year at the earliest to rebuild their respective economies.

Meanwhile, he said the government was ready to discuss with some of the small and medium-sized enterprises (SMEs) as well as micro-entrepreneurs who claimed that they were left out of the people-centric economic stimulus package (Prihatin).

"They (SMEs) are big in numbers and it is beyond the government’s ability. But the government is always open to them as they represent over 60 per cent in the workforce,” he said.

Currently, there are around 907,000 local entrepreneurs in the country. - Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Nation

Kampar MP suspended for three months over party convention ruckus
Miti: Manufacturing sector in Klang Valley urged to join Operation Surge Capacity
Extend special Parliament sitting to allow MPs to discuss Emergency Ordinances, says Ku Li
Ku Li: Umno reps should inform lawmakers in private on decision to revoke Emergency Ordinances
Deputy Health DG: Majority of fully vaccinated infected frontliners show mild symptoms
King, Queen thank Saudi Arabia’s King Salman over medical contribution
Covid-19: Sabah govt allows companies, industries to buy vaccines for workers, says Masidi
Covid-19: Kampung Hulu, Kampung Kling mosques closed until Aug 4 for sanitisation
Covid-19: Shah Alam factory cluster largest among 47 new clusters
Health Ministry: Infectious disease prevention order differs from Emergency proclamation

Stories You'll Enjoy


Vouchers