The Must-knows
highlights
Economics
2022 recap
in a nutshell
2022 was a turbulent year for Malaysia’s economy, as the country faced a number of challenges. Despite this, the Malaysian economy showed resilience and ended the year on a positive note.
The Malaysian economy is projected to remain robust in 2022. The government is expected to pursue an expansionary fiscal policy to support GDP growth.
Highlights
It has been another eventful year for politics in Malaysia, with the formation of a unity government led by the country’s
10th prime minister Datuk Seri Anwar Ibrahim.
The year also saw the nation transition to the endemic phase of Covid-19, with the reopening of borders in April.
Economics
The return
of inflation
Rising prices is the prevailing theme in the global economy in 2022. The US, hit by inflation levels not seen in 40 years, led a monetary policy tightening regime that spelled the end of low interest rates.
The rising interest rates has also resulted in higher costs for governments, businesses
and individuals.
Finance
Datuk Wan Razly’s efforts to transform Affin Bank into a stronger entity, part of which involved the lender having to divest some of its noncore assets, have put him in the news this year.
The divestment enabled Affin Bank to boost its capital ratios and provide much-needed capital to fuel the growth of its fast-growing Islamic banking subsidiary. It was also later able to declare a special dividend of 18.09 sen per share, bringing cheer to shareholders.
2023 forcast, Economics
3 shocks that shook the world
Soaring food and energy costs have fueled the highest rates of inflation since the 1980s in many countries…
Assumptions that have held for decades – that borders should be inviolable, nuclear weapons won’t be used, inflation will be low and the lights in rich countries will stay on – have all been simultaneously shaken.
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