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Podcast  >  Morning Run  >  Morning Brief  >  How Do We Rebuild Consumer Confidence?

How Do We Rebuild Consumer Confidence?

Professor Mahendhiran Nair, Economics Professor, Monash University

01-Jul-20 07:47

How

Now that the MCO has been lifted and people are returning to the daily grind, businesses are hopeful that people will start spending again. And it’s a sentiment shared by Minister in the Prime Minister's Department for Economic Affairs, Datuk Seri Mustapa Mohamed.

Earlier this week in an op-ed he wrote, he called on Malaysians to start spending in order to help our economy, and according to some numbers out of the Statistics Department, 90% of workers have returned to work but retail performance is only at 30% of pre-MCO levels.

Now there are many reasons for this as the pandemic has left some jobless or having to take massive pay cuts, and those life-changing events are hard to bounce back from. So how do we rebuild confidence and help revive the economy under challenging circumstances?


Produced by: Arleen Webber

Presented by: Roshan Kanesan


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Tags:  Consumer ConfidenceMCOMustapa MohamedRetail SpendingConsumer SpendingConsumer Goods/ServicesEconomy, Markets

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