Tag: Malaysian economy
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Recession Malaysia to be a reality in 2023?
This is the definition for recession. A recession is a significant, pervasive, and persistent decline in economic activity. (Investopedia) Briefly, it meant that people spend less than last year. Imagine getting the same salary this year as last year. However, because of sentiment, you decided to spend less and save the money into the savings…
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Malaysian economy overview from the banks’ results
Malaysian economy overview from the banks’ results
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World Bank: Income Relief by the government should continue for 6 more months
World Bank: Income Relief by the government should continue for 6 more months
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Latest update, Interest Rate, Malaysian economic situation
Malaysia central bank governor Zeti Akhtar Aziz said that a prolonged period of accommodation could encourage investors to misprice risk and misallocate resources. In laymen terms, this simply means that interest rate cannot be low all the time because people may take too much risks and simply buy,buy, buy or also known as speculate. This…