Another MCO will ruin economy, Putrajaya warned

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Economist Barjoyai Bardai says the country is already struggling to address the issues that arose from the first lockdown imposed in March.PETALING JAYA: Three economists have warned the government against imposing a new movement control order (MCO) to address a recent spike in Covid-19 cases, saying it would be devastating to the economy. Barjoyai Bardai, Carmelo Ferlito and Yeah Kim Leng said going back under lockdown conditions would be disastrous not only to businesses but also ordinary citizens. Barjoyai, who works at Universiti Tun Abdul Razak, noted that 80% of households were dependent on monthly salaries. “If we close the economy again, that’s it,” he said. “The whole economy will collapse.” He told FMT he didn’t think Putrajaya would announce another MCO since the country was already struggling to address the issues that arose from the first implementation in March. “The …