Rough Road for Malaysia’s Economic Recovery
Malaysia was once hailed as one of the more successful countries in handling and managing the Covid-19 pandemic in the year 2020 and saw a quick recovery with the reopening of businesses in the second half of the year. Despite the efforts to bring down the numbers of infections down to a single digit, the country was muddled with a triple crisis: political, health and the economy.
With the projection of a stagnated economic growth in Malaysia, the country struggles to find footing to lay out a comprehensive plan to put the country back on track for recovery. As the nation grapples with a triple crisis of politics, economy and health, the silver lining for Malaysia as the country is set to achieve a herd immunity of 80 percent by the end of 2021. How will the new administration by Ismail Sabri Yaakob pave the recovery plan for Malaysia into the year of 2022?