PM: Stimulating the economy is as challenging as containing Covid-19

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Prime Minister Muhyiddin Yassin today described the task of stimulating the country’s economy following the months-long movement control order (MCO) period as being as challenging as curbing the spread of Covid-19. The Gambir assemblyperson said although economic activity had resumed, it had not reached the level targeted by the government and there were many problems faced, including by businesses. According to Muhyiddin, economic experts have also forecasted that the country’s economy would contract in the second and third quarters of this year. “My concern is that nearly a million people would lose their jobs in the next few months. This is quite worrisome for us (the government). “If we don’t take urgent measures, it (unemployment) will lead to a huge problem for our citizens, our youths. “(Therefore,) we urge the state governments and local authorities to take proactive measur…