[QODLink]
Asia-pacific

Asia's economic downturn hurts Malaysia

Once-robust economy feels effects of region's slowdown, as government is urged to tackle corruption and fix debt issues

Last Modified: 01 Sep 2013 13:10
Email Article
Print Article
Share article
Send Feedback

Malaysia's once robust economy is feeling the effects of Asia's economic downturn.

Ratings Agency Fitch has revised the country's outlook from stable to negative, and the central bank has downsized its growth forecast for this year.

Corruption is a big concern. Experts say if the government truly wants to solve its debt problems, it should start by stopping waste of money through overspending on government projects and introducing transparency in spending.

Al Jazeera's Stephanie Scawen reports from Kuala Lumpur.

78

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
City
Featured on Al Jazeera
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Israel's Operation Protective Edge is the third major offensive on the Gaza Strip in six years.
Muslims and Arabs in the US say they face discrimination in many areas of life, 13 years after the 9/11 attacks.
At one UN site alone, approximately four children below the age of five are dying each day.
Featured
Rights groups say the US prosecution of terrorism cases targets Muslims and are fraught with abuses.
Local painters forgo experimentation to cater to growing number of foreign buyers.
Cyprus is a tax haven and has long attracted wealthy Russians, but it could become a European energy hub.
Palestinians in Gaza have been shocked by the scale of Israeli destruction, as long-term truce efforts continue.
The Positive Action Foundation Philippines, manned by HIV-positive staff, provides care to those who have no one else.
join our mailing list