Navigating Personal Finance during the Coronavirus Pandemic

25 Pages Posted: 13 Sep 2020

See all articles by Mohd Sedek Jantan

Mohd Sedek Jantan

UOB Kay Hian Wealth Advisors; Faculty of Economic and Administration, Universiti Malaya ; MSU-UOBKHWA Financial Innovation Centre

Tiong Lih Joe

UOB Kay Hian Wealth Advisors Sdn Bhd

Abdul Aqil Abdul Rashid

Management And Science University (MSU)

Nurul Anis Abdul Halim

Management and Science University

Lim Yit Xiang

University of Melbourne - Faculty of Business and Economics

Date Written: September 8, 2020

Abstract

The spread of the virus creates significant implications, sending shocks to the world’s economy. The COVID-19 pandemic outbreak has forced many businesses to close, leading to an unprecedented disruption in most industry sectors. COVID-19 has required many countries across the globe to implement early quarantine measures as the fundamental disease control tool. The G-Cubed model showed that the low-end pandemic is expected to reduce global GDP around USD 2.4 trillion and a more serious outbreak will reduce the global GDP by over USD 9 trillion, while Envisage model illustrates the impacts of COVID-19 to the economy include macroeconomic, trade, and sectoral output. The six-month moratorium on loan repayments and cash transfers by the government provides Malaysians extra cash on hand to put food on the table, however, as the moratorium ends in September there are concerns on consumers who took the moratorium route. This paper discusses the general impact of COVID-19 (business, economics, and psychology) and the implication to the personal finance.

Keywords: COVID-19, Fiscal Policy, Economic Growth, Financial Adviser, Personal Finance

JEL Classification: E620, E660, O160

Suggested Citation

Jantan, Mohd Sedek and Joe, Tiong Lih and Abdul Rashid, Abdul Aqil and Abdul Halim, Nurul Anis and Xiang, Lim Yit, Navigating Personal Finance during the Coronavirus Pandemic (September 8, 2020). Available at SSRN: https://ssrn.com/abstract=3690980 or http://dx.doi.org/10.2139/ssrn.3690980

Mohd Sedek Jantan (Contact Author)

UOB Kay Hian Wealth Advisors ( email )

b-8-3a, block b west,
menara pj 8, jalan barat,
petaling jaya, 46050
Malaysia

Faculty of Economic and Administration, Universiti Malaya ( email )

0166669751 (Phone)

MSU-UOBKHWA Financial Innovation Centre ( email )

17-G, Block A
Jalan Equestrian 13/52
Seksyen 13, 40100
Malaysia

Tiong Lih Joe

UOB Kay Hian Wealth Advisors Sdn Bhd

b-8-3a, block b west,
menara pj 8, jalan barat,
petaling jaya, 46050
Malaysia

Abdul Aqil Abdul Rashid

Management And Science University (MSU) ( email )

17-G, Block A
Jalan Equestrian 13/52
Seksyen 13, 40100
Malaysia
0146639681 (Phone)

Nurul Anis Abdul Halim

Management and Science University ( email )

17-G, Block A
Jalan Equestrian 13/52
Seksyen 13, Selangor 40100 Shah
Malaysia
0172019297 (Phone)

Lim Yit Xiang

University of Melbourne - Faculty of Business and Economics

Victoria, 3010
Australia

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