Change in spending behaviour
Prof Yeah said rising unemployment would not bode well for private consumption, which makes up nearly 60pc of the country’s gross domestic product.Contraction of economy in Singapore will have drastic impact on businesses and supply chain
Prof Yeah said exports to Singapore are expected to decline, alongside an already declining demand for Malaysian labour.Dent in Malaysians' spending
Prof Yeah said rising unemployment would not bode well for private consumption, which makes up nearly 60 per cent of the country’s gross domestic product.‘Focus economic strategy on production, services’
Prof Yeah uses the example of rice imports from our Southeast Asian neighbours to explain and argue for the concept of “comparative advantage” principle.Caution over 2Q growth, despite 1Q GDP surprise
Prof Yeah pointed out that recession risk in trade-dependent Malaysia remains very high in light of the looming global recession where millions have been thrown out of work, notably in the US.Can Malaysia cope with ‘triple whammy’ economic shock?
Prof Yeah said the government urgently needed to study the “adequacy and efficacy” of the so-called National Care Assistance (Bantuan Prihatin Nasional) package.Govt must not be hasty in finding balance between health and economy
Prof Yeah said a lockdown exit plan should be done gradually without neglecting the health aspect.Sharp spike in job losses due to Covid-19
Prof Yeah forecastes a 5% to 6% or more unemployment rate this year.‘Differing policies may cause difficulties’
Prof Yeah said differing policies from the federal and state governments in response to the COVID-19 pandemic have played out across the world as well.Malaysia's banking system can handle Covid-19 challenges, says BNM deputy governor
Prof Yeah argues that our excess capital is 3.1 times larger than it was during the GFC. As such, the banking system is in a stronger position to absorb losses in the current crisis.A longer wait could have resulted in more losses in revenue'
Prof Yeah said the announcement was a welcome relief for businesses and companies that had not been allowed to operate.