Is Malaysia heading into a recession or another Great Depression?

Is Malaysia heading into a recession or another Great Depression? - Hello loyal readers FeedGoogle, In the article you are reading this time with the title Is Malaysia heading into a recession or another Great Depression?, We have prepared this article well for you to read and take information in it. hopefully the contents of the post Article Malaysians, what we write you can understand. Alright, happy reading.

The rapid spread of the Covid-19 pandemic has caused economic activities to come to a halt while bringing the world into disarray.  The healthcare system in some countries is being stretched thin to cope with the exponential rise of daily infections. The closure of businesses has caused the economy to decline significantly and the threat of recession appears to be certain. Technically, it is too early to call the current economic downturn a recession, since recession is generally defined by a period of economic decline in two successive quarters. Recession is fairly common and considered as part of a healthy economic cycle while economic depression on the other hand, is far more uncommon.  Depression is far more devastating than a recession and the period of economic decline may last for years. The latest economic depression in global history was the Great Depression that occurred f…