RM20 billion package ‘insurance’ for Malaysia

THE RM20 billion economic stimulus package will be a growth insurance for Malaysia in a time of a downturn amid the Covid-19 outbreak, said economists.

Sunway University Business School economics professor Yeah Kim Leng said the economic stimulus package, which amounts to 1.3 % of the 2019 gross domestic product (GDP), exceeded the forecast of the private sector on the impact of Covid-19 on the Malaysian economy.

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