Where’s the strategy for recovery, say economists

[superadmin]

PETALING JAYA: Two economists have questioned the lack of a government strategy to guide economic recovery, in the wake of the latest Pemulih relief package announced yesterday.

Carmelo Ferlito, chief executive of the Center for Market Education, said the government’s RM10 billion direct fiscal injection had missed the point.

“Lockdowns and aid packages are temporary measures that should be used to buy time before coming up with a true economic plan, which is completely missing,” he said. “The same goes for fiscal injection. It should be a temporary relief measure while a sound economic recovery plan is implemented.”

He said the amount of aid that would reach individual citizens was too small and would be insufficient to tackle mounting poverty.

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