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Ringgit s decline due to 1MDB shock and lack of competitiveness in Malaysia post-Asian financial crisis, says World Bank economist – Malaysia Today

(MMO) - The World Bank’s lead economist for Malaysia Apurva Sanghi today said the ringgit’s poor performance can be attributed to the lack of competitiveness in the country the past 28 years after the 1998 Asian financial crisis. He also said that the decline was partly a consequence of the 1Mala

1MDB shock and lack of competitiveness in Malaysia post Asian financial crisis is why ringgit now so weak, says World Bank economist

KUALA LUMPUR, Feb 23 The World Bank’s lead economist for Malaysia Apurva Sanghi today said the ringgit’s poor performance can be attributed to the lack of competitiveness.

World Bank economist: Ringgit s decline due to 1MDB shock, lack of competitiveness in M sia post-Asian financial crisis

World Bank economist: Ringgit s decline due to 1MDB shock, lack of competitiveness in M sia post-Asian financial crisis
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World Bank cuts Malaysia s GDP forecast to 3 9%

KUALA LUMPUR: The World Bank has lowered its forecast for Malaysia’s gross domestic product (GDP) growth and is now expecting a moderate 3.9% expansion in 2023, down from the previous estimate of 4.3% in April 2023.

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