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Sudden policies: Uncertainty causing fear of spending money

Geraldine Tong

Published
Modified 15 Nov 2020, 1:36 am

Last-minute Covid-19 policy announcements will cause people to become uncertain about their future which will lead to reluctance in spending money, even if they receive financial aid from the government.

This is the exact opposite of what is needed to revive the economy, said Khazanah Research Institute research advisor Jomo Kwame Sundaram (above).

"We have to remember that businesses cannot just be closed like (flipping) a switch...

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