malaysia's economic stimulus p

Malaysia had went through the ups and downs of economic

environment. Just name it. Economic down term, deficit budget, market

uncertainty and many more. During these ‘black period’, Malaysia had

announced several economic stimulus package to boost its economy and

maintain the economic growth between 3 to 4 percent each year.

When talking about this subject, who can forget the worst economic

slowdown that hit Asia in 1997. Beginning from 2nd of July 1997, when Thai’s

Government made the decision to float the Thai Baht in foreign exchange market

due to the lost in its value, everyday is just another ‘nightmare’ in our economy.

Stock market shed to the lowest level, companies try to cut their cost by firing its

employee, and corporate institutions had to shut their operation is just inevitable.

Malaysia had took a bold step to overcome this obstacle. She had went

against the current. Malaysia had rejected the International Monetary Fund or

(IMF)’s loan because of its not-so-worthy risks. Malaysia had announced its own

al radical changes had been made in the

Dr. Mahathtir also tries to encourage the public to save their money

normal value. By that time, Ringgit had lost about 52% of its original value.

Some topics in this essay:
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