Economists: Get the people to spend


Driving the economy: The government must create an environment that is safe for people to leave their houses and carry out activities to revive businesses, say economists. — SS KANESAN/The Star

PETALING JAYA: Merely lifting the conditional movement control order will not be enough to revive the economy if the people are not convinced it is safe to go out and spend to increase demand for businesses, say leading economists.

As the National Security Council meets today to decide if it is time to lift the conditional MCO imposed on all states except for Kedah, Melaka, Terengganu and Johor, economists say the biggest problem other than the Covid-19 pandemic must be seriously addressed to save livelihoods.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

Disability, the neglected piece of the DEI puzzle
Exploring the impact of purpose on brand growth in South-East Asia
Is the construction industry just a ‘boys’ club’?
Remembering marginalised Malaysians
Do spot checks, public service heads told
‘Management responsible for funds transfer, not Najib’
The key to homeownership
Education aid, funding for crash victims’ kids
Indonesia, Johor to boost trade, tourism
Pak Lah warded at IJN, in stable condition, says KJ

Others Also Read