Govt must reform to ensure economic recovery, say economists

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Khazanah Research Institute’s Jomo Kwame Sundaram says the country must forge a new path as the country exits the pandemic period.PETALING JAYA: Economists say there cannot be economic recovery without policy reform, adding that there needs to be operational changes if the country is to bounce back from the shocks felt from the Covid-19 pandemic.They called for greater emphasis to be placed on forging a new path as the country exits the pandemic period, instead of returning to the state Malaysia was in pre-pandemic.Speaking at a webinar as part of the “Future Malaysia Discourse Series”, Khazanah Research Instutute’s Jomo Kwame Sundaram said the country must “build forward rather than build back”.“The government must acknowledge that the status quo was not wonderful, and that we have had an economy in the doldrums since the financial crisis in 2008. Geoffrey Williams.“The possi…