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KUALA LUMPUR: Consumption and inflation growth will see a one-off rebound due to the low base effect caused by depressed consumption during the nationwide Movement Control Order (MCO), said the Institute for Democracy and Economic Affairs (Ideas).
All upheavals leave their marks. Some fade away, some linger. Following the Black Death, the plague that’s believed to have killed 60% of Europe’s population in the second half of the 14th century, the realisation that life is short, played a big role in shaping interest rates in late medieval Europe, stretching all the way to the Enlightenment.
WASHINGTON, (Reuters) - It may, as House Majority Leader and Maryland Democrat Steny Hoyer said on Friday, be out of love that the United States agreed to shut down much of its economy to stop a viral epidemic and save lives.
PETALING JAYA: Cash should be handed to the people now to help tide them over during this tough period, says former Bank Negara deputy governor Tan Sri Dr Lin See Yan.
Despite the uncertainty over how long the Covid-19 saga will last, we actually have a precedent in the SARS outbreak where most countries were then on a path of economic stimulus for six months before a return to some semblance of normalcy. Here are some of the suggestions for the administration.
KUALA LUMPUR: The inflation rate increased by 1.3% in February from a year, but this was slower than RAM Ratings’ forecast of a 1.5% rise, according to the latest data issued by the Statistics Department.
SINGAPORE: Gold’s haven reputation took a serious beating, with prices tumbling as investors sought to free up cash amid a broad and devastating market rout.