2nd stimulus package must address inevitable recession

Sheridan Mahavera

Economists say a second stimulus package needs to be comprehensive and large enough to help everyone and almost every company weather a recession that is likely to be worse than the 2008 financial crisis. – The Malaysian Insight pic by Afif Abd Halim, March 26, 2020.

HELP for business owners to carry on paying salaries and for low-income families to continue spending are some of the critical measures needed in a second economic package expected to be announced on Monday.

Economists told The Malaysian Insight that the second package should be targeted at “surviving a recession” rather than just “boosting the economy” as Covid-19 ravages the globe and brings nearly all commerce to a halt.

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