Posted November 08, 2019 10:48:04 Malaysia is the fourth-largest economy in the world, accounting for a third of the world’s GDP.
It has experienced some of the worst economic growth in the last decade.
It was the first country in the Asian region to see its growth fall by more than 20% in the past year.
Its growth was also hampered by a slump in its mining sector, which was the main driver of the country’s growth.
It saw its gross domestic product decline by 7.2% in 2019, a quarter of the previous year’s.
It also saw its exports plummet, and by 10% in 2020.
The country’s economy is now expected to shrink by 2.6% this year, according to the International Monetary Fund.
The IMF expects the Malaysian economy to shrink to 0.9% in 2022, down from 2.2%.
The country is now projected to be in a recession.
Malaysia is a predominantly Muslim nation, but also has sizeable Christian and ethnic minorities.
Its Muslim majority, along with the countrys vast population, makes up more than 80% of the population.
Many Malaysians are Muslim because the government has prioritised economic development over religion.
The government has made it difficult for non-Muslims to enter the country, limiting the number of mosques and halal slaughterhouses.
There have also been several high-profile attacks in the country this year.
Malaysia is facing its worst economic downturn in decades.
The Malaysian economy is expected to contract by 3.4% in 2021, according a Reuters survey.
According to a government report released last week, the country had recorded a cumulative trade deficit of RM2.1 trillion in the first quarter of 2021, a total of RM1.4 trillion in 2022 and an additional RM1 trillion for the year.
It is expected that the cumulative trade gap will rise to RM3.4 billion by 2020, according the report.
In the first nine months of 2019, Malaysia recorded a net loss of RM13.9 billion.
The report also found that the government had imposed a new import tax of RM0.85 per tonne of coal, oil and natural gas for the first time in its history.
The tax will cost Malaysia RM2 billion a year.