The economic impact of Covid-19

Posted on 03 Apr 2020
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By Vigneswar Rajasurian

Dr Yeah Kim Leng is the professor of economics at Sunway Business School.

Dr Yeah speaks to StarProperty on the economic impact of the Covid-19 outbreak and the necessary movement control order (MCO) that followed.

He also shares his thoughts on the stimulus package and the economic headwinds before the Covid-19 outbreak escalated, such as the sharp drop of global oil prices. 

"This is not just a health crisis, but also an economic crisis," says Dr Yeah.

For the real estate industry, he says while the oversupply issue is now exacerbated, fundamental demand for housing coupled with various incentives may lead to a quick recovery. 

He talks about why it is a good time now to promote certain segments of housing and consider the possibility of mergers and acquisitions to come out stronger.

Dr Yeah concludes with insights on how the extent of an economic slowdown in neighbouring regions may impact Malaysia's recovery.


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