The Impact Of The Global Financial Crisis The Case Of Malaysia

The domestic economy experienced the full impact of the global.

The impact of the global financial crisis the case of malaysia. Impact of the global financial crisis. The crisis induced slowdown in economic growth has had an inevitable impact on malaysia s social sphere as well. The contraction in gdp resulted in the retarda tion of employment growth and the rise of unemployment and retrenchment lev els. The case of malaysia find read and cite all the research you need on researchgate.

As a highly open economy malaysia was however not insulated from the global economic downturn. In 1998 malaysia suffered a contraction in gross domestic product gdp growth due to the asian financial crisis which originated from thailand. Introduction the present financial crisis is very different from the one malaysia experienced in 1998. Unlike the global financial crisis in 2008 and the asian financial crisis in 1997 malaysia s covid 19 crisis is a public health crisis first and an economic crisis second.

The then prime minister of malaysia dr mahathir mohammed imposed strict financial regulations hoping to kerb the outflow of capital and pegged the ringgit to 3 80 against the u s dollar after the ringgit had depreciated from 2 50 to 4 57 within 7 months resulting in a loss of value of over 50. Malaysia was hit on both the trade and financial fronts suffering its largest fall in exports in almost 30 years and substantial outflows of capital. A good business case may be established via performance improvement measures undertaken by the company new money from white knights or investors etc. The case of malaysia by goh soo khoon and lim mah hui1 1.

This paper examines the effects of the global financial crisis on the malaysian economy. The impact of the global financial crisis. Pdf on jan 1 2010 goh soo khoon and others published the impact of the global financial crisis. Following this economists generally agree that economic policy should focus mainly on bolstering public health efforts in handling the pandemic whilst ensuring the welfare of the rakyat and businesses.

The deterioration in global economic conditions and the major correction in commodity prices in the second half of 2008 saw malaysia s gdp moderate to 0 1 in the final quarter of 2008. The financial crisis impact on corporate governance in business profits or losses is in the normal course of its cycle however when multiple businesses face the accumulation of wrong management decisions self interested management profits over efficiency and effectiveness and the bad economic situations. A global crisis might occur. The case of malaysia.