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Dent in Malaysians' spending
Prof Yeah said rising unemployment would not bode well for private consumption, which makes up nearly 60 per cent of the country鈥檚 gross domestic product.
鈥楩ocus economic strategy on production, services鈥
Prof Yeah uses the example of rice imports from our Southeast Asian neighbours to explain and argue for the concept of 鈥渃omparative advantage鈥 principle.
Caution over 2Q growth, despite 1Q GDP surprise
Prof Yeah pointed out that recession risk in trade-dependent Malaysia remains very high in light of the looming global recession where millions have been thrown out of work, notably in the US.
Can Malaysia cope with 鈥榯riple whammy鈥 economic shock?
Prof Yeah said the government urgently needed to study the 鈥渁dequacy and efficacy鈥 of the so-called National Care Assistance (Bantuan Prihatin Nasional) package.
Govt must not be hasty in finding balance between health and economy
Prof Yeah said a lockdown exit plan should be done gradually without neglecting the health aspect.
Sharp spike in job losses due to Covid-19
Prof Yeah forecastes a 5% to 6% or more unemployment rate this year.
