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Economy

Slumping crude starting to hit Malaysian economy

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Malaysian Prime Minister Najib Razak arrives at a news conference in Putrajaya on Jan. 20 to announce budget revisions to help the country's economy adjust to the impact of slumping crude oil prices.   © Reuters

KUALA LUMPUR -- Investors are taking an increasingly critical view of the Malaysian economy amid fears that the major oil-exporting country might start running current-account and fiscal deficits at the same time due to the recent plunge in oil prices.

     Malaysia became one of the first major Asian countries to recover from the 2008 global financial crisis and its gross domestic product has been growing at a pace of more than 5% on the strength of brisk consumer spending and oil prices that were stable until the first half of last year.

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