The Prime Minister of Malaysia has announced yesterday that the worst of the economic crisis is over we are on the road to recovery. This is based on the Gross Domestic Product (GDP) of 4.5% in the last quarter of 2009. It’s not exactly good but better than expected. Also, in 2009, the Malaysian economy contracted by "only" 1.7%, lower than the projected contraction of 3% for the whole year.
Now, even though these figures are pretty encouraging and apparently, the economy is currently on the rebound, I really do not feel any such thing. It's still a struggle for many of us and some of my friends have been without a job for far too long. Of course, the longer one is out of the job market, the harder it is to secure one of the same level but then life is like that.
Anyway, I hope that even when the economy is recovering, we will NOT be threatened with the increase in tariff hikes for utilities and other essentials like gas. That's not going to help matters when our finances are already stretched to the maximum!
Now, even though these figures are pretty encouraging and apparently, the economy is currently on the rebound, I really do not feel any such thing. It's still a struggle for many of us and some of my friends have been without a job for far too long. Of course, the longer one is out of the job market, the harder it is to secure one of the same level but then life is like that.
Anyway, I hope that even when the economy is recovering, we will NOT be threatened with the increase in tariff hikes for utilities and other essentials like gas. That's not going to help matters when our finances are already stretched to the maximum!
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