Malaysia’s economy takes a dive
Buckle up, folks! We are in for some tough times.
Malaysia’s economy took a dive in the fourth quarter as GDP stood on the brink of negative territory, growing by just by 0.1 per cent, compared to 4.7 per cent in the third quarter.
This was largely due to a drop in manufacturing from 1.8 per cent growth in the third quarter to a shrinkage of 8.8 per cent in the fourth quarter, largely because of a contraction of 12.3 per cent in export-oriented industries.
