Shopping campaign has limited benefit, says economist

Shopping campaign has limited benefit, says economist - Hello loyal readers FeedGoogle, In the article you are reading this time with the title Shopping campaign has limited benefit, says economist, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

An economist says people may spend on non-essentials instead of saving up to repay their loans.PETALING JAYA: A government push to increase domestic consumption is difficult to achieve and is unsustainable, according to an economist, who says a better strategy is for producers to adjust to market demands, though this may be painful for some. Prime Minister Muhyiddin Yassin has urged Malaysians to “spend for Malaysia” to help the economy recover from the impact of Covid-19 through a Mega Sale programme and Buy Malaysian Products campaign. However, economist Barjoyai Bardai of Universiti Tun Abdul Razak said an increase in domestic consumption might have a multiplier effect but it is one-off as demand will subside. In the longer term, Barjoyai said, the increase in domestic consumption should boost consumer confidence and hopefully, improve the overall market sentiments to pre-Covi…