The fairy tale of the national emergency

The fairy tale of the national emergency - Hello loyal readers FeedGoogle, In the article you are reading this time with the title The fairy tale of the national emergency, 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.

When the government announced a national emergency, shares on Bursa Malaysia tumbled. Global analysts instantly shaved off 1.5 percent from their forecast of the annual economic growth in the country. Covid-19 cases showed no sign of slowing down, with hospital beds reaching a “breaking point”. RHB Bank estimated that this lockdown could translate to RM3 billion in losses in private consumption per week.Tens of thousands of companies have shut down and more will follow; almost a million jobs have been lost and counting. Our democratic institutions stifled, our economic recovery stymied.But in the small constituency of Gerik in Perak and in the hilly Bugaya of Sabah, all is calm. According to Senior Minister Azmin Ali, the state of emergency imposed here has no negative effects. There was no weakening of investors’ confidence; presumably no retraction of the economy. No sufferi…