As political intrigue wipes RM43b from stock market, could an extended crisis hit the economy?

GEORGE TOWN, Feb 25 — The current political turmoil in Putrajaya could push Malaysia’s economy further into a slowdown, but only if instability is prolonged, an economist said following the abrupt resignation of Tun Dr Mahathir Mohamad as prime minister yesterday.

Ramon said Malaysia is in danger of going into recession unless the government comes up with satisfactory solutions to spur the economy. “Why these politicians have nothing to do? The people are already frustrated by the state of the economy and now this, they will be disgusted and feel let down by the government.

However, political analyst Oh Ei Sun assured Malaysians that the negative impact of the political crisis will only be on a short-term basis.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Malaysia’s stock market plunges to lowest in nine years amid govt crisisKUALA LUMPUR — The FBM KLCI closed at 41.14 points or 2.69 per cent lower at 1,490.06 on Monday (Feb 24), the lowest point since 2011’s 1,500.91.
Source: TODAYonline - 🏆 1. / 99 Read more »

Asia stocks extend global selloff on coronavirus pandemic fearsSYDNEY (REUTERS) - Asian shares extended losses on Tuesday (Feb 25) amid fears the coronavirus outbreak was rapidly mutating into a pandemic that could cripple global supply chains and wreak far greater economic damage than first thought.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »