Credit crunch may hit Asia, including Malaysia


The median of forecasts from 14 economists is for annual growth of 5.2 percent in April-June. That would be a dip from January-March's 5.4 percent and make the latest quarter - during which Malaysia surprisingly got a new government - the third in a row of slowing growth.

PETALING JAYA: A credit crunch may hit Asia as early as next year, with Malaysia likely to be one of the Asian economies at the centre of the crisis.

Nomura Research, however, said the credit crunch would not be a long-drawn-out affair as the region’s economy would likely recover after July 2019.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Nomura , Asian , credit crunch , Malaysia , economy , Singapore , China ,

   

Next In Business News

Powering on data centres
Medical insurance premiums on the rise
Blackstone, KKR mortgage REITs stung by office debt challenges
Making scents of success
Tesla’s plan for affordable cars takes page from Detroit rivals
Sapura Energy takes a step to turn the tide
Are there too many GPs and is the healthcare system overwhelmed?
Kelington to reap the benefits of a diversified business strategy
Investors brace for 5% Treasury yields
Singapore’s growth trajectory remains intact

Others Also Read