New cabinet faces multiple economic fires
Prime Minister Muhyiddin Yassin must convince investors his administration will last until the next elections due in 2023, says an economist. – EPA pic, March 10, 2020.
MUHYIDDIN Yassin’s new cabinet will have to confront multiple economic challenges, including the historic slump in oil prices, which may hinder the government’s spending ability, said economists. They told The Malaysian Insight that besides the slump in oil prices, the slowdown in the global economy because of the ongoing Covid-19 epidemic poses an additional challenge. The disease has infected more than 110,000 people in more than 100 countries, with more than 3,800 deaths.
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