{"id":4221,"date":"2023-08-19T07:30:30","date_gmt":"2023-08-19T05:30:30","guid":{"rendered":"https:\/\/www.dhcab.com\/?p=4221"},"modified":"2023-08-19T07:30:30","modified_gmt":"2023-08-19T05:30:30","slug":"malaysia-struggles-to-grow-due-to-el-nino","status":"publish","type":"post","link":"https:\/\/www.dhcab.com\/?p=4221","title":{"rendered":"Malaysia struggles to grow due to El Ni\u00f1o"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"auto\">Malaysia&#8217;s economic growth in the second quarter was the lowest in nearly two years due to falling exports and a slowing global economy, prompting the country&#8217;s central bank to warn that full-year growth would be below its previous forecast.<\/p>\n<p>The Q2 annual growth came in at 2.9%, central bank data showed. The growth rate was the slowest since 2021.<\/p>\n<p>&#8220;The weak external demand is expected to weigh on near-term growth. The economy is facing downside risks stemming from weaker-than-expected global growth and a deeper or longer-than-expected technology downcycle,&#8221; Governor Abdul Rasheed Ghaffour said at a news conference.<\/p>\n<p>While he does not expect a global recession, the governor believes global economic growth will be below the long-term average.<\/p>\n<p>Malaysia, one of the world&#8217;s largest exporters of palm oil and liquefied natural gas, also suffer in commodity production due to El Ni\u00f1o and prolonged plant maintenance, Abdul Rashid noted.<\/p>\n<p>El Ni\u00f1o is a natural phenomenon that causes warming of the Pacific Ocean and, as a consequence, has a significant impact on the planet&#8217;s climate. During this period, waves of intense heat waves, heavy rains, droughts, and other anomalies are recorded.<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Malaysia&#8217;s economic growth in the second quarter was the lowest in nearly two years due to falling exports and a slowing global economy, prompting the country&#8217;s central bank to warn that full-year growth would be below its previous forecast. The Q2 annual growth came in at 2.9%, central bank data showed. The growth rate was [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[],"class_list":["post-4221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-global-issues"],"_links":{"self":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4221"}],"version-history":[{"count":0,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/posts\/4221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=\/wp\/v2\/media\/4222"}],"wp:attachment":[{"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dhcab.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}