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.