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The COVID-19 pandemic in Malaysia has had a significant impact on the Malaysian economy, leading to the devaluation of the Malaysian ringgit (MYR) and the decline in the country's gross domestic product. The pandemic also adversely affected several key sectors including entertainment, markets, retail, hospitality, and tourism.
The COVID-19 pandemic has impacted and affected the political system of Malaysia, causing suspensions of legislative activities and isolation of multiple politicians due to fears of spreading the virus. The onset of the pandemic coincided with a political crisis in early 2020 which continued into 2021 as the spread of COVID-19 and emergency ...
This is a list of countries by unemployment rate.Methods of calculation and presentation of unemployment rate vary from country to country. Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially able) not to work, supported by ...
The COVID-19 pandemic in Malaysia has had far-reaching social consequences on the country that went beyond the spread of the disease itself and efforts to eliminate it, including the registration of births, deaths and marriages, mass gatherings, education, and sports activities.
The average household income of Malaysia increased by 18% to RM5,900 a month, compared to RM5,000 in 2012. According to a HSBC report in 2012, Malaysia will become the world's 21st largest economy by 2050, with a GDP of $1.2 trillion (Year 2000 dollars) and a GDP per capita of $29,247 (Year 2000 dollars).
The Government of Malaysia along with various non governmental organisations (NGOs), companies, and foreign governments introduced various financial aid and relief programs in response to the economic impacts of the COVID-19 pandemic in Malaysia. On 27 March 2020, Prime Minister Muhyiddin Yassin introduced an economic stimulus package known as ...
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Launched on 21 September 2010, [1] it is a comprehensive economic transformation plan to propel Malaysia's economy into high income economy. The program will lift Malaysia's gross national income (GNI) to US$523 billion by 2020, and raise per capita income from US$6,700 to at least US$15,000, meeting the World Bank's threshold for high income ...