The ringgit's poor performance can be attributed to the lack of competitiveness in Malaysia over the past 28 years, according to a World Bank economist. This was partly a consequence of the Malaysia Development Berhad (1MDB) financial scandal. Malaysia's lack of reform affected its economy in the long run, resulting in its GDP and exports falling.
The ringgit's poor performance can be attributed to the lack of competitiveness in Malaysia over the past 28 years, according to a World Bank economist. This was partly a consequence of the Malaysia Development Berhad ( 1MDB ) financial scandal .
Malaysia's lack of reform affected its economy in the long run, resulting in its GDP and exports falling.
Ringgit Competitiveness Malaysia World Bank Economist 1MDB Financial Scandal Reform GDP Exports
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