Muhyiddin Yassin expressed concern over the negative trend in the Industrial Production Index (IHPR), warning of potential job cuts if demand continues to decline. He highlighted the impact on the economy, citing unemployment and income loss issues, compounded by rising living costs. The decline in export earnings, increased import costs, and market uncertainties further exacerbate the situation.
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The Muhyiddin solution
Despite recovery efforts, businesses struggle amid currency devaluation and weakened consumer purchasing power. Muhyiddin urges immediate government intervention to address the crisis and restore business stability. He fears prolonged economic strain, with consumers already grappling with sustained price hikes and financial pressures. Since government might or might not come out with some stimulus plans for some sectors of the economy, the Muhyiddin solution is for the gov’t to give out money to manufacturers?
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