OECD Information for journalists, The Malaysian economy is on the road to recovery from COVID-19, although risks remain from the ongoing crisis. A return, over time, to pre-pandemic growth rates will require continued reforms to improve the business environment further, and accelerate digitalisation, according to a new OECD report.
25 May in 12:20
Azerbaijan on Tuesday relaxed its COVID-19 pandemic-related restriction after months, assistant to the President of Azerbaijan - head of the Department for Economic Affairs and Policy of Innovative Development of the Presidential Administration Shahmar Movsumov said at a briefing of the Operational Headquarters under the Cabinet of Ministers.
According to him, this step was taken due to the fact that recently there has been a positive trend in connection with the coronavirus pandemic in Azerbaijan.
First, the wearing of medical masks in the open air will be canceled in Azerbaijan since May 31. The operations of Baku Metro will be also allowed starting May 31, as well as bus service between the regions of Azerbaijan.
11 May 2021 / 20:16 H.
KUALA
LUMPUR: A study has revealed that low-income households were disproportionately affected by the Covid-19 crisis, with female-headed households and households headed by people with disabilities reporting the deepest and most negative impact.
Minister in the Prime Minister’s Department for Economic Affairs, Datuk Seri Mustapa Mohamed (
pix) said the situation of these groups, however, has improved since the first survey of the study titled ‘Families on the Edge’ was conducted in May 2020.
Unemployment among heads of households fell from a peak of 25 per cent to 12% while the situation for female heads of household also improved from 32% to 16%.
A similar power grab is happening today. Rishi Sunak is both minister of finance and the minister of the economy. Establishing a northern branch of the Treasury in Darlington is a way of demonstrating that he intends to oversee the government’s levelling up agenda. Likewise, it appears the chancellor – rather than the business secretary, Kwasi Kwarteng – will be responsible for industrial strategy.
In one way, this is a good thing because the Treasury wields the power that Kwarteng’s so obviously lacks. But that assumes the Treasury can think strategically about how to solve Britain’s economic problems and – on past form – it can’t. Some of the decisions made in last week’s budget highlighted beautifully how short-term financial imperatives trump long-term economic planning every time.