Call for bold economic reforms

TheStar Mon, Feb 15, 2021 07:30am - 3 years View Original


Malaysia gdp value

PETALING JAYA: Malaysia urgently needs to make bold changes and radical reforms for it to compete with its Asean peers at the economic front ahead of joining the more advanced Asian nations at a time when the Covid-19 is ravaging the region’s economy.

Countries like Vietnam, Indonesia, the Philippines and Thailand have been experiencing stronger economic growth over the last decade. But the impact of the Covid-19 pandemic saw Asean economic growth plunged in 2020.

Malaysia’s GDP fell by 5.6% to be the fourth worst performer after the Philippines, Thailand and Singapore.

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