Covid fallout may call for bolder measures

Covid fallout may call for bolder measures - Hello loyal readers FeedGoogle, In the article you are reading this time with the title Covid fallout may call for bolder measures, 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 government has been doing a great deal to combat the pandemic and its effects, economic and social.According to Asian Development Bank figures, Malaysia’s Covid-19 packages amount to 44% of GDP, far exceeding similar expenditure by Singapore (30%), Thailand (21%) or Indonesia (11%).These figures have to be read carefully, taking into account the size of the different countries, the extent of infectivity and their population sizes. Quite clearly, Singapore, for its small geographical area and population, is spending a considerable amount.Criticism of Malaysia’s effort has been quick, scathing, and not at all times fully warranted. It has been said that Malaysia is “not doing enough”.If “doing enough” is measured against what the advanced countries have been doing, then we have not. Japan, as of December 2020, had spent the monetary equivalent of 67% of GDP on packages to han…