Is There Anyone Really In Charge of Our Economy?
If The Central Bank, Treasury and EPU Can’t Get Their Facts and Figures Right, How Can Najib Get It Right?
Matthias Chang
I have given up hope that our Prime Minister who is also the Finance Minister will be able to chart a course that will enable Malaysia to overcome the deepening global financial crisis.
One would have thought that with all the resources and expertise at their disposal and the benefit of hindsight, our experts ought to be able to put their act together and get their economic analysis right, but the recent press statements by Bank Negara, Treasury and EPU regarding the massive contraction of our economy are most distressing.
What is more depressing is that the data presented by the relevant institutions show that the key advisers to Najib are involved in some sort of turf war and are at logger heads with one another as to the extent of the downturn and what needs to be done.
Judge for yourselves from the following news reports:
