Prof. Yeah Kim Leng expected a bigger and more comprehensive stimulus package to mitigate the economic impact of the extended MCO and to alleviate economic hardship.
Prof. Yeah Kim Leng opined that a sharper economic decline is expected as consumption and production activities have been affected by the movement restrictions.
Prof. Yeah Kim Leng said the nation’s production capacity would be reduced as assets are sold off and workers could be laid off or have their salaries cut.
Prof. Yeah Kim Leng said crude oil price outlook is conditional on the willingness of the oil-exporting countries to agree on production cuts and ensure an orderly supply.
Prof. Yeah Kim Leng said fund managers should adopt an ‘averaging down’ investment strategy to reduce losses, and position strategically for a market recovery.
Prof. Yeah Kim Leng said the hit to the country’s GDP in the face of the Covid-19 outbreak was equivalent to an estimated 120,000 to 180,000 job losses
Prof. Yeah Kim Leng said a quick review of the stimulus package, unveiled initially by previous prime minister Tun Dr Mahathir Mohamad, would be useful.