Economic Uncertainty In Malaysia

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Economics is defined as a science that deals with the making, distributing, selling and purchasing of goods and services. In different countries, there will have difference economics level depends on their country’s development and administration system. There are fast moving countries which are doing well on their economic. Meanwhile, our country Malaysia facing economic uncertainty lately due to some issues that burdening us as well as Malaysia as a whole. Economic uncertainty can be shown clearly by the inflation together with the imposing of goods and services tax (GST) and the 1MDB issue. It is interrelated with one another. First of all, inflation is one of the major causes of economic uncertainty which has risen up to 2.5%. Inflation can be explained as the increase of…show more content…
Malaysia is a unique country with difference races and skin color. According to economist Prof Datuk Dr Woo Wing Thye, he said the government has to put an end to “divisive” race-based economic policies in order for Malaysia to progress economically. (Lim, 2015) For example, bersih rally and red shirt rally are turning into a racial issue. Upon the growing criticism towards our current Prime Minister, Dato’ Sri Najib, protesters from the Orang Asli community marched at the Bersih 4.0 and all rally participants sleeping on the street overnight in Kuala Lumpur; and even our former prime minister Mahathir Mohamad made an appearance at the rally near Central Market in KL to show his supports. However, the Malay turnout was estimated at less than a fifth of the total, compared with more than half in previous Bersih-led rallies. On the other hand, "Red Shirt" demonstrators gather for a rally to celebrate Malaysia Day and to counter a massive protest that called for Prime Minister Najib Razak's resignation over a graft scandal. As the saying goes ‘united we stand, divided we crumble’ in this case we will fall as we are not

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