Wall Street

YOURSAY | At the rate we’re going, we could meet Sri Lanka fate

Published by
Malaysiakini (English)

YOURSAY | ‘Once, we were to be the next South Korea or Taiwan. Now we try not to be Sri Lanka.’ COMMENT | Are we going down the road of Sri Lanka? Vgeorgemy: Malaysian economic figures at the macroeconomic level have always done exceptionally well, except during the 1997 Asian Financial Crisis, which was our Sri Lankan moment. Since 1997, we have been the only country that couldn’t recover the wealth that was lost during that financial crisis. We will be at the Sri Lankan doorstep easily if we have another crisis like 1997. We may be heading that way. We woke up early this morning to hear the …

Read More

Share this Story
Load More Related Articles
Load More In Wall Street