This maybe a big question mark for Malaysians today as they realize that the global financial crisis is hitting badly the European countries and as we know it will indirectly hit the Asian markets as well.
Today, government of Malaysia has just announced that our country is not one the countries shaken by the financial crisis. Hmm… Is that true?
Many of us who live in Malaysia are not quite sure of how bad we are hit by the global financial crisis and some people are still optimistic over our current situation and are still betting on the share market and hope that the market will rebound soon and earn some $$$ from that.
From my point of view, I am not sure how bad is the global financial crisis hitting our country but Malaysia economy is definitely in crisis. You can see people trying to cut their spending and you can see this when you hang out at those famous shopping malls in town.
Share markets are insecure because of the news going around and government are trying to make people calm by slowing down falling speed. I think this is a sign of the instability of economy in Malaysia.
I can see people worry about the future of the country situation and some of them think rise of the petrol price is one of the main factors that make Malaysia in this crisis.
Maybe I am wrong about the situation. So, what you think??
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