Malaysia faces risks similar to those in 1997, official warns. Do you think so?
2007-03-21 04:44:57 · 3 answers · asked by Anonymous in Travel ➔ Asia Pacific ➔ Malaysia
Yes they can although the government in Asia have been taking care of their spending. What happen in 1997 was the over spending of the governments & the risk of bad loans. When people found out how much was owed to the international banks, they got concern with bad loans etc.
Today, there is a trade surplus for many nations like Thailand & Malaysia. Singapore has had a trade surplus and have been storing up on US dollars for the last 20 years.
The problem these nations face is competiton to attract foreign investors because a lot of the global money are going to China, India, Eastern Europe.
2007-03-21 06:53:00 · answer #1 · answered by grendeth 5 · 2⤊ 0⤋
Unlikely, Asia economic growth will remain strong for another decade. the will be another financial crisis in future but not in malaysia not in 3 years to come.
2007-03-22 04:55:49 · answer #2 · answered by anderson 6 · 3⤊ 0⤋
Yes, it has been forecasted 3 years ago.
2007-03-22 00:26:47 · answer #3 · answered by Anonymous · 0⤊ 2⤋