10-24-2020, 10:28 AM
(This post was last modified: 10-24-2020, 10:28 AM by superadmin.)
PETALING JAYA: Two economists have warned of severe setbacks to the Malaysian economy if the government were to declare a state of emergency.
Reacting to reports that Prime Minister Muhyiddin Yassin is poised to announce a partial emergency, Carmelo Ferlito of the Centre for Market Education and Goh Lim Thye of Universiti Malaya said an emergency in any guise would impede economic recovery.
It is believed that Putrajaya will resort to an Emergency declaration to help it fight Covid-19 and to put a stop to political squabbles.
Ferlito said it would be an “exaggerated reaction” that would be of no help to the already stagnant economy.
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Reacting to reports that Prime Minister Muhyiddin Yassin is poised to announce a partial emergency, Carmelo Ferlito of the Centre for Market Education and Goh Lim Thye of Universiti Malaya said an emergency in any guise would impede economic recovery.
It is believed that Putrajaya will resort to an Emergency declaration to help it fight Covid-19 and to put a stop to political squabbles.
Ferlito said it would be an “exaggerated reaction” that would be of no help to the already stagnant economy.
- Continue reading -