New model for sustained economic growth needed, says think tank
The Center for Market Education says the government should relook at general regulations, banking structure and labour laws ‘so as to incentivise both domestic and foreign investments’. – The Malaysian Insight file pic, February 10, 2023.
AN economic think tank, forecasting a post-Covid inflation-led contraction of the economy, said the government should use the downturn to build a different model for sustainable growth. The Center for Market Education , a boutique think tank based in Kuala Lumpur and Jakarta, said in a statement today that the model should focus on savings and investments rather than private consumption and government spending.
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