By Economic & Finance Report
Malaysia is attaining strong risk because of the slowing down of the global economy, and the Central Bank of Malaysia is monitoring the situation. Malaysia Central Bank Governor Zeti Akhtar Aziz, indicated the risk ahead for the country as far as growth and economic progress. The GDP of the southeast Asian country will increase to 5% for the year, as well as for next year also (2016).
It has been difficult for Malaysia to improve their economy and financials, since oil revenues have fell rapidly. Also, the political climate has not been great as well, as the Prime Minister Najib Razak has been subject to corruption. Allegations that political donations had been disbursed into his personal bank account.
Ms. Aziz has indicated though, that the economical & montary policies set forth by the Central Bank will continue, regardless of the political climate within the county. -SB