Band-aid relief without recovery?

Band-aid relief without recovery? - Hello loyal readers FeedGoogle, In the article you are reading this time with the title Band-aid relief without recovery?, 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.

The announcement of Malaysia’s Pemulih package of a supposed RM150 billion (only RM10 billion in actual fiscal spending) illustrates a disconnect with realities on the ground and, more fundamentally, a lack of understanding of what is necessary to move Malaysia out of the crisis it is facing.With short-term framing and focused on a political recovery for a floundering administration rather than needed economic stimulus, job growth and stronger sustainable social safety net, the package is largely more of the same with yet another label. Unfortunately, at a height when the pain of a damaged economy is severe, the gap between what is required and what is being provided is larger than ever.More of the same While any relief is welcomed at a time of need, this package contains the same elements of the past - cash handouts, subsidies on petrol, electricity, data and wages, EPF withdr…