During the 1997 Asian Financial Crisis, the first signs of the crisis were large capital outflows from Malaysia in the first quarter of the year.
Spending in the highly leveraged corporate sector collapsed, while the negative outlook curtailed consumption. Trade plummeted and banks soon found their clients in the export sector having trouble servicing their debt.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!