Now is the time for public investment projects, IMF says | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 86%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

WASHINGTON, May 6 — Countries around the world should use the novel coronavirus pandemic as an opportunity to invest in public infrastructure and other projects that take advantage of low interest rates, the International Monetary Fund said in a report today. Countries should also strengthen...

The IMF forecast the global economy would shrink 3 per cent. — Reuters pic

“The Covid-19 pandemic of 2020 has strengthened the case for fiscal policy action and heightened its urgency,” the IMF said, referring to the respiratory disease caused by the virus that has been confirmed in more than 3.6 million people around the world. In outlining ways the countries should handle downturns and times of weaker economic growth more generally, the IMF said it was imperative to invest in health systems, infrastructure, low-carbon technologies, education and research to improve productivity growth, which has been on a mostly downward trend.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Malaysia's April PMI plunges to 31.3 due to Covid-19, Public Investment Bank says | Malay MailKUALA LUMPUR, May 5 — Malaysia’s Manufacturing Purchasing Managers’ Index (PMI) plunged to 31.3 in April from 48.4 in March, as sentiment was pummeled by Covid-19 headwinds, a trend seen across AseanN and emerging market economies. Public Investment Bank, in its note today, said the...
Source: malaymail - 🏆 1. / 86 Read more »

Australia PM says new coronavirus most likely emerged from Chinese wildlife market | Malay MailSYDNEY, May 5 — The most likely source of the novel coronavirus was a wildlife market in China, Australian Prime Minister said today. US President Donald Trump last week said he was confident the coronavirus may have originated in a Chinese virology lab. Scott Morrison, however, said Australia...
Source: malaymail - 🏆 1. / 86 Read more »