COMMENT | M'sia is in recession and likely Asean's worst performer

Second time in two years the country in a recession.

2/12/2021 4:06:00 AM

COMMENT | M'sia is in recession and likely Asean's worst performer

Second time in two years the country in a recession.

COMMENT | The latest economic performance data for the third quarter (Q3) of 2021 showed that Malaysia is in a technical recession, which the US Federal Reserve defines as two successive quarters of economic contraction.It is the second time in two years that this has happened and in both cases, the cause is clearly the lockdown policy imposed by the government.

This has been noted recently by former prime minister Najib Abdul Razak, and it deserves some attention when politicians recognise the implications of the overreaction of the lockdown measures.However, as is often the case in economics, the story is not quite so simple. Malaysia’s economic slowdown started well before the Covid-19 shock, with weak growth in Q3 and Q4 of 2019.

It became worse after the first lockdown caused the recessionary phase in Q2 and Q3 last year. The deep 17.2 percent contraction of GDP year-on-year in Q2 2020 made Malaysia one of the worst performers in the top six Asean economies.The lockdowns in 2021 repeated the 2020 experience with GDP contracting in two successive quarters by 1.9 percent quarter-on-quarter or 16.1 percent year-on-year in Q2 and 3.6 percent quarter-on-quarter or 4.5 percent year-on-year in Q3. headtopics.com

When compared with the top six Asean countries...Unlocking ArticleRead more from this author

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Cannot be, right, tzafrul_aziz, Mustapa_Mohamed, AzminAli, IsmailSabri60? Please cite the relevant data & set the record straight! We cannot allow these misconceptions to take root among foreign investors & the ratings agencies!!! Undilah BN lagi. 😂 Another pencapaian 100 hari bagi Pak Mael!! This is just the begining. Worse yet to come.

Dan bersoraklah mereka Any surprises there?! they'll say 'No Anwar, No DAP'.. other thing are not important... Cannot be lah. Miscommunication FT where got recession? Got extra public holiday because won local football competition. WTF. As expected since lousy menteri in parliament tenkiu atokkk.the root of all cause.

COMMENT | Our political system keeps us apart by designSo can we really build bridges between communities in M'sia? People must first reject JAKIM-Pas-Umno-Bersatu fake religion and fake language. Only then can Malaysians unite. Really? I never knew that. 🙄 Why should voters choose kleptocrats just Bcus these thieves promise to uplift your life? Do you know you pay more for food and services everyday ? and M’sia national debt rm1.35 trillion is growing more n more

To most of the rakyat, khususnya rural folks, 'apa tu recession?' South Africa has Omicron. Malaysia has Moron. I see. Ministers will observe and research...... Expected it. Knowing it will get worse. 💁🏾‍♂️ Vote out this non performing govt. Prices are sky rocketing and kleptocrats is not even in jail! How can politicians and their families who owe millions of taxes and yet fly out to Olympics / Singapore

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