The proposed Short-Term Economic Recovery Plan needs to pay more attention to micro and small enterprises as they are the groups most affected by Covid-19 that is harming the national and global economies.
“They are entrepreneurs, who sell layered cakes, chips, banana fritters, who usually have less than five workers. Prior to the Covid-19 outbreak, this group had been affected by low household income problems and high-cost of living. This is on top of the previously announced Prihatin Rakyat Economic Stimulus Package worth RM260 billion to revive the economy and cushion the impact of Covid-19 on businesses and livelihoods of the people.
Zakariah does not deny a suggestion that the history of the great depression would repeat itself if the global economic uncertainty persisted for three years. “When this happens, the government’s revenue will also be affected and it will impede the government’s ability to provide public assistance despite having a comprehensive plan,“ he said
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