Govt must focus on economic recovery, aid distribution
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Title : Govt must focus on economic recovery, aid distribution
Category : Malaysians
The pandemic and extended lockdowns have come at a heavy cost to lives and livelihoods since last year. - NSTP file pic THE pandemic and extended lockdowns have come at a heavy cost to lives and livelihoods since last year.As there is still no light at the end of the tunnel, the government must focus on what matters most for the people and the nation. As it stands, Malaysia's economic condition is dire.The gross domestic product recorded a seasonally adjusted quarter-on-quarter contraction of two per cent in the second quarter, weighed down by the national lockdown measures imposed from May to June.And given the tighter restrictions after June because of the surge in daily number of Covid-19 cases, this would pose further downside risks to the pace of economic recovery.S&P Global Ratings just downgraded its 2021 growth forecast for the country from 4.1 per cent to 3.2 p…
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