Malaysian economy in bad situation due to high loan? discuss and what is the expectations for the next year 2019

Malaysia is a middle-income country that developed in the 1970s, has become a supplier of raw materials in emerging economy. The economic growth of the country was mainly due to exports that include mainly electronics. Therefore, the country was hit by the global recession from 2001 to 2002. Moreover, the GDP of Malaysia grew by only 0.5% in 2001, due to a decline in estimated exports at 11%. However, as the substantial financial incentive of $ 1.9 billion minimized recession impact on the economy and the economy resumed in 2002 that was growing by 4.1%. The following year it reached 4.9%, despite a first-half harmed by SARS (South African Revenue Service) and fears the consequences of war in Iraq. In 2004 the growth reached 7% and in 2005, 5% (Aziz &Azmi, 2017). It has been identified that Malaysia is an aspiring country and its largest foreign investment comes from the Asian investors. However, in the last decade, the economic condition of the country is affected due tothe high level of loans or household debts. The overall economic conditions of the country prospered and grow. However, in the last few years, the economy of Malaysia is in the bad situation due to increasing the level of loans. In this regard, this paper aims to analyze the current economic situation based on high loans with the analysis of the economic situation in future