PETALING JAYA - The country's economy will eventually recover from the global Covid-19 pandemic once the movement control order (MCO) ends, assures former prime minister Tun Dr Mahathir Mohamad.
However, Dr Mahathir warned that this could take time, as the fundamentals of the Malaysian economy must be rebuilt again.
"The economy will recover when we are no longer disrupted from doing work due to the virus. But, it will take time because we have to rebuild our economic fundamentals again, " he said during a Facebook live session on Wednesday (April 1).
"We should also redevelop ourselves to work harder, and with hard work, we can help recover the national economy faster, " he added.
Analysts have said that a global recession is inevitable as business activities come to a halt in many of the world's top economies due to unprecedented measures taken to deal with the spread of the Covid-19 virus, which has infected close to 860,000 worldwide.
"Terrible, this is terrible," said Dr Mahathir in response to a question about the impact of Covid-19 on the global economy.