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Country can recover from economic losses, but lives cannot be replaced: Experts


SUNPIX
PETALING JAYA: The people’s health should take precedence over the economic well-being of the country in the Covid-19 war, but there are ways to moderate the pain, according to two economists
theSun spoke to.
Universiti Utara Malaysia professor of economics Dr K. Kuperan Viswanathan said the country can recover from economic losses, but lives cannot be replaced.
“It would be naive to put the economy before the health of the people,” he said.
Kuperan pointed out that whenever the government imposes a movement control order (MCO), the main objective is to prevent the spread of Covid-19.
“We do not want to end up like India, where (the healthcare system) has run out of nearly everything and the people are not getting the help they need,” he said. ....

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Covid pushing more into low-income group


Bernama
PETALING JAYA: Job losses and salary cuts resulting from the Covid-19 pandemic have pushed an estimated 20% of those in the M40 (middle-income) group down to the B40, or lower income category.
While various government initiatives have helped tide them over the current lean period, nothing short of a strong economic recovery will push them back up to their original level, according to economists
theSun spoke to.
It is also unclear how long this will take.
Universiti Utara Malaysia professor of economics Dr K. Kuperan Viswanathan said even those who have tertiary education are having trouble getting a job, or if they manage to land one, they are offered low salaries. ....

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