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皇冠登三出租(www.hg108.vip):Can Malaysia withstand a global downturn?

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Whats next for Malaysia

MALAYSIA surprised the market by delivering a stronger-than-expected growth of 8.9% in the second quarter.

The post-lockdown recovery has picked up pace very well, even as the government unwinds its fiscal stimulus and certain subsidy measures.

However, going forward, concerns are mounting on whether Malaysia can continue its growth momentum, despite the risk of recession plaguing the whole world.

Riding an uneven recovery contributes to some uncertainty going forward and even Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz admitted that Malaysia’s economic outlook could be hurt by pessimism in the global economy.

“The weaker global outlook will certainly impact us,” he was reported as saying.

The overheating global economy has shown early signs of cooling down, with commodity prices coming off their multi-year highs and inflation expectations easing.

These developments are taking place as central banks rush to tighten their monetary policies.

But this comes at a great cost.

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Economic growth forecasts across advanced and developing countries have been downgraded significantly and consumer sentiment is waning in many parts of the world.

Steady momentum: People walk pass a row of flags installed in conjunction with the coming 65th Independence Day celebration in Kuala Lumpur. The post-lockdown recovery has picked up pace very well, even as the government unwinds its fiscal stimulus and certain subsidy measures. — Bernama

With corporate earnings coming under pressure, an increasing number of companies are also cutting jobs and freezing hiring.

These include major corporations like Netflix, Tesla, Twitter and Shopee.

While these changes in the global economy are worrying, they are not entirely surprising.

As central banks – especially the United States’ Federal Reserve (Fed) – raised borrowing costs aggressively, businesses are scaling back their plans and households have turned more cautious in their spending.

By the end of 2022, the Fed targets to raise its benchmark federal funds rate to a range of 3.25% to 3.5%. Rates started the year at near-zero.

In the past, most recessions in the United States since the 1920 Great Depression have followed interest rate hikes by the Fed.

Many people think that the US is already in a recession, after estimates by the Bureau of Economic Analysis show that the world’s largest economy shrank by an annualised rate of 1.6% and 0.9% in the first and second quarters of 2022, respectively.

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  • 2022-09-25 00:14:07

    He said state-owned China Construction Bank will contribute 50 billion yuan into the 80 billion yuan fund, but the money will come from PBOC's relending facility.反复看不腻

    • 2022-10-02 12:04:43

      @欧博(www.aLLbetgame.vip) THE littoral combat ship (LCS) scandal and the rising cost of living could prove problematic for Barisan Nasional at the upcoming general election, MCA secretary-general Chong Sin Woon said.Chong said BN should have held general elections immediately after the Johor election as the coalition had gained momentum and it was the perfect time to hold polls.With this LCS scandal, Wong said, the opposition parties now have ammunition to use against BN.“This is the opposition party’s tactic, just like they hyped up the 1Malaysia Development Bhd (1MDB) scandal to win the last GE,” Chong told The Malaysian Insight.“BN must learn from its past mistakes and not repeat them.”Last week, the Public Accounts Committee (PAC) released its report on the Defence Ministry’s purchase of six LCSs from BNS through direct negotiations.Although the government had paid the manufacturer RM6 billion, not a single ship had been delivered.According to the original schedule, five LCSs should have been delivered to the ministry this month.Chong said a royal commission of inquiry should be set up to investigate the LCS scandal.“The whole coalition should not be dragged down because of this, and BN cannot just explain it away.“While we don’t know when GE15 will be held, we don’t want the LCS to be held over our heads.“BN should not give the impression that it is trying to cover up the LCS scandal, it must get ahead of it.”Prime Minister Ismail Sabri Yaakob has also ordered the Malaysian Anti-Corruption Commission (MACC) and the Attorney-General’s Chambers (AGC) to speed up investigations.Umno president Ahmad Zahid Hamidi had earlier said that given the rate of inflation, it would not be wise to hold the general elections next year.Ismail, however, has held on despite pressure from his party leader, insisting that an election would only be called when it was favourable to BN.Chong said inflation and the rising cost of living was a global problem, but it was disheartening to see measures implemented according to the wishes of political parties due to the composition of Ismail’s government.He said effective measures could only be put in place when a sole party governed, instead of “having too many cooks in the kitchen.”“Investors will also doubt the stability of a multi-party government.”Only when BN came back to power without the need for other political alliances would political and economic stability be achieved, Chong added. – August 17, 2022.人有多少啊