The cost of long lockdowns and confusing policies

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An economist says the prolonged lockdown did not bring many benefits in the fight against Covid-19.PETALING JAYA: Prolonged lockdowns in the first half of the year, coupled with confusing policies and U-turns have harmed Malaysia’s chances of securing greater economic growth in 2021, says an economist.“Not only were the Covid-19 policies and SOPs confusing, they were also so poorly communicated that it ended up being very costly for the country and businesses,” said Carmelo Ferlito from the Center for Market Education.Worse still, he said, the prolonged lockdown did not bring many benefits in the fight against Covid-19 as cases and deaths continued to rise. He was commenting on the World Bank’s downward revision of Malaysia’s gross domestic product (GDP) growth forecast for 2021 from 4.6% to 3.3%. Ferlito said the 3.3% figure was lower than the World Bank’s global GDP growth t…