Yes, it’s true. It’s all Najib fault. We are constantly told that this country is going down the drain. As prime minister, he’s clearly responsible for the state we’re in. So, let me tell you about the many things I personally blame Najib for – and the list is daunting.
I blame Najib for the awful economy. It’s so awful that our economic growth recently hit a two-year high (5.6 percent), handily beating forecasts by economists. So awful that the World Bank now projects that the Malaysian economy will expand by 4.9 percent in 2017 – even higher than our government’s projection of between 4.3 to 4.8 percent. So awful that the IMF (International Monetary Fund) stated that Malaysia remains “among the fastest growing economies among peers.” Say it with me: Ini semua pasal Najib.
I blame Najib for our weak currency. The ringgit is so weak that Bloomberg described it as “easily the strongest major Asian currency this quarter, climbing twice as much as the next best, the Chinese yuan.” Don’t believe me? Just look at the Bloomberg chart below aptly titled “Ringgit Leads Asian Currencies Against USD This Quarter.” What an unmitigated disaster. Ini semua pasal Najib.
I blame Najib for our expensive petrol prices. They’re so expensive that, as of the first week of July, they’ve fallen for the fifth week in a row. So expensive that our petrol price is the 10th cheapest in the world, according to GlobalPetrolPrices.com. Outrageous. Ini semua pasal Najib.
Bear with me. I’m nowhere near done.
I blame Najib for our poor exports. They’re so poor that they expanded by double digits (20.6 percent) in April. I blame Najib for discouraging foreign investors. They’re so discouraged that, as Bloomberg noted, they “purchased US$2.48 billion of Malaysian equities this year, the biggest stock inflow in Southeast Asia.” I blame Najib for decimating our stock market. It’s so decimated that, on June 16, the FTSE Bursa Malaysia soared to the highest level in two years. Ini semua pasal Najib.
I blame Najib for ruining our country’s reputation. It’s so ruined that Malaysia was named the best country to invest in, and the third-best to start a business in (source here and here). So ruined that we’re ranked the third best retail market among 30 developing countries, right below powerhouses China and India (source). So ruined that we’re recognized as the 8th most innovative economy in Asia and 37th globally (source). Ini semua pasal Najib.
So, Najib sure has a lot to answer for. Economic growth is up, the ringgit is up, exports are up, investment is up, the stock market is up, petrol prices are down, and our country’s reputation has never been better. Let’s be honest, our prime minister is a failure – Najib has failed spectacularly at being incompetent. What a disappointment he must be to Pakatan. He has only himself to blame.