Latest
news. Malaysia Economic finally contract as the aftermath of Credit crunch.
More. Second quarter estimated to be as bad as the first, and this year will surely show a contraction.
As western Europe, United states, Japan , and Singapore showing sign of tecnical recession, even China Economy is slowing down, Malaysia is not going to do any good for next 2 year.
Financial Stimulus package from government is due to release, but government budget deficit is already sending warning as the figure reach 8 % of GDP.
However, a long term recession as Japan suffered during last two decade is unlikely.
As Malaysia's Financial institution , banking system remain healthy, and total Government Bond still within manageable range.
But.... IF mismanagement of the Budget occur, it will be a disastrous for our future.
And, Bad news for Savers and EPF retiree, as Bank Negara will likely keep the interest rate and bond yield low, which hurt their return....
If housing price is falling , perhaps a good time to take a loan...
