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.

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