Page 12 - ECO120 Group Presentation latest

Most recently, the case of Covid-19 has had a major impact on the Malaysian economy,

particularly external factors of global supply and demand shocks and domestic factors.

• Public policy implemented to overcome the issue inflation and unemployment which is:

• Earning current income of MCO, it includes liquidity support for individuals as well as businesses.

Individuals will gain protection through the expansion of EIS unemployment benefits.

• Apart from that, the proposed matter is to expand infrastructure spending in less developed

districts and provide one -time cash assistance for Malaysian households.

• Unemployment fluctuates with changes in the economy. For example, the number of unemployed

is affected by changes in demographics, educational attainment, and work experience of

contemporaries and previous long-term levels of unemployment.

• Economic crisis. Consequently, economists generally agree that economic policy should focus

primarily on efforts to improve public health in dealing with the epidemic while ensuring the well

-being of citizens and businesses.