After the Malaysian currency hit a 24-year low, many netizens are also paying attention to the situation in Malaysia, because if there are problems in Malaysia's economy, it will inevitably have a serious impact on the economic development of Southeast Asia.
1. Malaysia's currency continues to depreciate because Malaysia's economy is very bad. Although Malaysia's economic performance in Southeast Asia is quite good, with the serious recession of the global economy, Malaysia's economy has also been seriously affected. In the case of poor economic development, it is reasonable for Malaysia's currency to continue to depreciate.
Second, due to the epidemic, the Malaysian currency continued to depreciate. Under the influence of the epidemic, the economies of many countries have obviously regressed, while Malaysia's domestic economy has shown signs of collapse due to the spread of various epidemics. It is precisely because of the economic collapse that Malaysia's currency continues to depreciate. If we don't try to save the economy, Malaysia's currency may become a pile of waste paper.
Third, due to high inflationary pressure, Malaysia's currency continues to depreciate. If you want to preserve the value of Malaysian ringgit, then you must solve the domestic inflation problem, because under the pressure of inflation, Malaysian ringgit will inevitably continue to depreciate. Because in the case of declining purchasing power, it is almost impossible for Malaysian currency to be immune to it.
Although Malaysia has made many economic achievements, at present, Malaysia has been deeply mired in the economic quagmire. If we don't find a way to save ourselves, then Malaysia may have an economic collapse.