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Flatten the #EpidemicCurve and #RecessionCurve concurrently!
The irony, #Isolation is good for infection control but bad for economy
Flattening policies will buy time to raise the capacity of the healthcare sector.
But inevitably it deepens the #RecessionCurve @DrDzul @guanenglim
In the short term, solving the health crisis will worsen the economic crisis
Recession is inevitable- just when and how steep?
We need to ramp our public health response to #COVID19 - decrease morbidity & mortality, protect the B40, old and in-firmed.
Once past the tipping point, relax quarantine policies to spur economic growth.
In the interim, bold economic governance is required to buttress the economy, lost output on a scale of about 10-15% GDP. Financed by national borrowings @MOFmalaysia
The fiscal & financial policies must be designed to buffer the economic shock and to prevent economic contagion.
It should be under the purview of our elected representatives in parliament to ensure best fiscal practices and plot a roadmap to economic recovery @BNM_official
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