Economists speak of hurdles to reviving economy

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Many businesses have shut down in the midst of the strict lockdown regulations.PETALING JAYA: As Malaysia grapples with the lockdown with the government forced to implement strict measures to keep people safe amid job losses and business closures, economists say the country faces a crossroads, with Putrajaya’s next moves dictating how the country is able to recover from the damage inflicted by the pandemic.As the nation enters the second half of the year, FMT spoke to four leading economists on the biggest problems it faces going forward, as part of a four-part series on the economy’s present and future.Richard Record (Lead Economist, World Bank Malaysia)While Malaysia’s exports are rebounding well, Record said that owes more to the strong recovery of other countries rather than Malaysia’s own performance, as illustrated by weak domestic investment, consumption and poor perfor…