Stable Govt Needed To Face Recession Says Zahid

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Umno president Ahmad Zahid Hamidi said politicking would result in the failure of policies to cushion the impact of recession.PETALING JAYA: A strong and stable government is needed in view of the increasing risk of a global recession, as projected by two major financial institutions, Ahmad Zahid Hamidi said in justifying the need for a general election.
The predictions by the World Bank and the International Monetary Fund, the Umno president said, meant there was a pressing need for the nationwide polls to be held.
He also said the public must not allow a government which had “enemies within” the administration.
This included National Recovery Council chairman Muhyiddin Yassin who had attacked the current administration, he said, adding that this had created a negative perception among foreign investors.
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Last month, Muhyiddin said a general election should be held if Prime Minister Ismail Sabri Yaakob could not manage the economy and country well.
“We can’t let this situation prolong or it would be difficult for Malaysia to act as a team to cushion the impact of the recession,” Zahid said in a Facebook post.
“Even if there are policies and plans in place to face it (the recession), there’s a high chance of failure in terms of implementation because of such politicking. And the people would be on the receiving end.”
Zahid went on to say he found it suspicious that the opposition was adamantly against the 15th general election being held this year on grounds that the economy was unstable.
The opposition, he claimed, wanted the current administration, which they said had failed to help the people, to remain in power until the recession happened next year.
Recently, the World Bank and IMF said the global economy had been shifting from an environment with low inflation and low interest rates to a world that was “more volatile and more fragile”.
On Monday, Ismail announced the dissolution of Parliament which drew brickbats from some as it would be held during the monsoon season. - FMT

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