Here’s what the World Bank really said about Malaysia

Hafidz Baharom

A FEW days back, someone by the pseudonym of Athena Athena decided that it was necessary to highlight how the World Bank report was showing how bad the Malaysian economy was, via The Malaysian Insight.

Having read the 180-page East Asia and Pacific Economic Update report published this month right after, it turns out the Goddess of Wisdom was – for lack of a better description – being an alarmist with no standing in fact.

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  • The issue is the Prime Minister presiding over mega global scandals. There's a case for charges on abuse of power, conflict of interest and criminal breach of trust. The various court cases abroad which are related to 1MDB refers.

    Posted 4 years ago by Joe Fernandez

  • There is no growth in consumption. People are paying more for less for necessities. Income growth is not keeping up with debt service and cost of living and eating into savings and domestic investment. Hence, defaults on house hold debt is a bomb waiting to explode.

    Posted 4 years ago by Zaphod beeblebrox