Lim Guan Eng noted that Fitch Ratings had downgraded Malaysia’s sovereign credit ratings for the first time since the 1997/98 Asian Financial Crisis, making Malaysia the first major Asean country to suffer such a fate in the current Covid-19 pandemic. — Picture by Hari Anggara
Last week, Fitch Ratings downgraded Malaysia’s long-term foreign-currency issuer default rating to ‘BBB+’ from ‘A-’ with a stable outlook, on the grounds that the impact of the Covid-19 crisis has weakened Malaysia’s key credit metrics. “Unfortunately, the PN federal government has chosen to be in denial and not address the decline of Malaysia’s key credit metrics that led to the downgrade from A — to BBB+, namely political instability and lack of transparency or governance standards.
Fitch said it expects Malaysia’s Gross Domestic Product to contract by 6.1 per cent in 2020 before rebounding by 6.7 per cent in 2021 due to base effects, a revival of infrastructure projects and an ongoing recovery of exports of manufactured goods and commodities. “Fitch expects general government debt to jump to 76 per cent of GDP in 2020 from 65.2 per cent of GDP in 2019, and direct government debt at RM874.27 billion or 60.7 per cent of GDP as at end of September, which is above the statutory ceiling of 60 per cent of GDP,” said Lim.
Masa ko duk position tu,acah2 hebat....sekarang ni Tak payah ko nak aturkan this n that.ko rasa ape yg terkesan sekarang suka2 ke..ni punca dr hasil keje ko ngan PH dulu..ape dapat
Alah...xyah ckp byk lah..ko ni xhabis2 sibuk dgn agenda political economy...ko yg buat masalah pastu xpandai nk betulkan...He does not know what he is doing...
Ko Tak payah acah2 bijak pandai....cakap Mana pernah betul
Well you started it, gosh the audacity
Limguaneng this mess started because of you asshole!! dapperak