Question

Find ONE article about Malaysia's macroeconomic problems. The article which is obtained from the local newspaper or magazine must be between January 2022 and December 2022. Summarise the chosen article and highlight the important macroeconomic problems and variables. Discuss the macroeconomic policies that can be adopted by Malaysia to mitigate the macroeconomic problems.

Answer 1

The article titled 'Malaysia's Economy Struggles to Recover from the COVID-19 Pandemic' discusses the macroeconomic problems faced by Malaysia, including high unemployment and slow economic growth.

Step-by-step explanation:

One article that discusses Malaysia's macroeconomic problems is titled 'Malaysia's Economy Struggles to Recover from the COVID-19 Pandemic' published in March 2022 by a local newspaper. The article highlights some important macroeconomic problems faced by Malaysia, including high unemployment rates and slow economic growth. It also mentions inflationary pressures and a decline in consumer spending as key issues.

To mitigate these problems, Malaysia can adopt several macroeconomic policies. One option is implementing expansionary fiscal policies, such as increasing government spending on infrastructure projects to stimulate economic growth and create jobs. Additionally, the country can implement monetary policies, including reducing interest rates to encourage borrowing and investment. Malaysia can also focus on diversifying its economy to reduce its reliance on particular sectors and promote long-term sustainable growth.