Exploring global and Malaysia’s financial stability impact of COVID-19 pandemic

• Main Author: Senasi, Vally
• Format: Conference or Workshop Item
• Language: English
• Published: 2020
• Subjects: HC Economic History and Conditions
• Online Access: http://repo.uum.edu.my/28025/1/INSORPAD%202020%20277%20282.pdf; http://repo.uum.edu.my/28025/

Many believes year 2020 would brought great changes and opportunities for their future. No one ever thought the world economy would be disrupted by Covid-19 outbreak at the same year. High level of health crisis escalates with uncontrollable cases of infection and deaths around the world. All countries have taken unprecedented measures to curb the pandemic by introducing movement control order (MCO), centralized quarantine, closure of country’s border gates, ban the social gatherings, closure of business activities and quarantine order against the population, mask wearing and school closure and so on. Due to the measures taken by the governments to curb the pandemic, current global financial reports show instability and sharp decline in growth projections in many sectors. This paper would explore the effect of COVID-19 on global and Malaysia’s financial stability. Government’s intervention is essential to help the individuals, household and businesses to sustain in long run. This paper can provide useful insights on current financial stability of Malaysia and worldwide.