Respond to recovery plan

Filepic/The Star

PRIME Minister Tan Sri Muhyiddin Yassin, when presenting the economic recovery plan called Penjana on Friday, highlighted some stark realities about the state of the world’s economy and how Malaysia is responding to that and other challenges posed by the Covid-19 outbreak. All countries, both developed and developing, are facing a type of negative economic growth never seen since the Great Depression of the 1930s.

In Malaysia, the number of jobless people has ballooned to 610,000 and is expected to peak at 860,000 by the end of this year. However, it is heartening to note that the government is introducing a slew of measures to cushion the effects of this economic gloom and doom.