Netizens unsympathetic to Anwar on country’s economic state

IT is no secret that Prime Minister Datuk Seri Anwar Ibrahim is being scrutinised by netizens on social media with the dwindling currency exchange rates, for instance. Many are unhappy that the price of imported items is soaring. A World Bank economist attributed the ringgit’s poor performance to Malaysia’s dwindling competitiveness since 1994, partly due to the 1Malaysia Development Bhd (1MDB) scandal.Apurva Sanghi, speaking on X, noted Malaysia’s post-1998 crisis reforms lacked depth, harming long-term prospects.While Thailand and South Korea thrived post-crisis, Malaysia’s lack of short-term fixes is not helping, the analyst says. External factors like US-China dynamics influence the ringgit but domestic conditions matter most. For many, the 1MDB debacle worsened the situation.

Now some users on X are saying Malaysia should not have spent its reserves willfully. They may be referring to the measures taken during the COVID-19 crisis.

However, other users are saying that the official engagements and that we have relief funds for our economy. They are asking, what is the point of all of these things if our economy still isn’t stable?

Others are defending the Prime Minister citing that he is not a “Harry Potter” character. He is not able to change the economy with his wishes. Fixing the nation’s economy is a challenging job that will take years or even decades. – Feb 25, 2024


Main photo credit: Bernama

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