Economic impacts

A greater size of government spending, may be less efficient. This is contradicting with Malaysian practice because the current Malaysian fiscal policy has allocated a huge budget from the lowest income of individuals to the highest international trade with the aims of reducing the economic implications caused by the outbreak of COVID-19. This paper embarks on three objectives. First, to provide an overview of fiscal policy. Second, to investigate the impacts of COVID-19; and third, reveals the actions taken by the Malaysian Government to implement the recovery policy. This paper adopts an integrative literature review and published reports relating to fiscal policy and COVID-19. The findings show the consolidated efforts of Malaysian Government towards the current fiscal policy in stabilizing the economic impact after the Movement Control Order. This paper could be a prudent guideline for other countries to strategize their fiscal policies in steering the macro and socioeconomic development.

This review provides an assessment of the collection of contributions on the economic issues of COVID-19. The paper focused on the structure of the book and chapters’ content, quality of the publication, missing topics, predictions, and the pandemic effects on poverty and inequality. As the book is written during the initial stages of the pandemic, it does not contain the digital economy, cryptocurrency, health economics issues, sovereign debt, and resilience. The book is a useful text for graduate students in Economics and illuminating for economic policies during the COVID-19 pandemic._x000D_ This review provides an assessment of the collection of contributions on the economic issues of COVID-19. The paper focused on the structure of the book and chapters’ content, quality of the publication, missing topics, predictions, and the pandemic effects on poverty and inequality. As the book is written during the initial stages of the pandemic, it does not contain the digital economy, cryptocurrency, health economics issues, sovereign debt, and resilience. The book is a useful text for graduate students in Economics and illuminating for economic policies during the COVID-19 pandemic