The world has to act in a concerted action to tackle these crises. We are all in the same boat; a leak in one part will sink the boat no matter where the source, Lim Mah Hui and Michael Heng write.
The Covid-19 pandemic, erupting in the background of lethargic global economy, could turn out to be the singular biggest crisis in a century.
First reported in Wuhan, China, the corona virus has reached almost all countries. It has infected close to 1 million persons and caused over 40,000 deaths at time of writing; and the figures keep climbing. It is a health catastrophe which if not checked in its track would be the most serious since the Spanish Flu of 1918 that killed over 50 million people.
The pandemic has triggered a market crash. Stock markets across the world have trended downwards despite various measures by governments to support the economy. The Organization for Economic Co-operation and Development has warned that the economic recovery would take years. According to its secretary general Angel Gurría, the economic shock was already bigger than the financial crisis.
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It is a crisis much more serious than the 2007-8 crisis, for three reasons. What started as a health crisis has morphed into an economic and possibly financial crisis. Full article on Inter Press Service website
AGENDA RAKYAT - Lima perkara utama
- Tegakkan maruah serta kualiti kehidupan rakyat
- Galakkan pembangunan saksama, lestari serta tangani krisis alam sekitar
- Raikan kerencaman dan keterangkuman
- Selamatkan demokrasi dan angkatkan keluhuran undang-undang
- Lawan rasuah dan kronisme
