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Though Bank Negara Malaysia governor Tan Sri Nor Shamsiah Mohd Yunus recently claimed that “Malaysia is not in an economic crisis”, many are not feeling the impact of the alleged economic recovery that we are meant to be in.

Some of the worst affected groups that were hit with the grave reality of the situation were the young adults who are fresh out of university and are new to the job market. Jobs are harder to find, money is harder to make and even harder to spend. Living a comfortable, basic life is out of the question for some.

Hear what experts and young adults of various socioeconomic backgrounds have to say and what they hope for in the coming years.

The Daily Struggle: Malaysian Youths Feeling the Pinch of The Economic State With the Ministry of Finance stating in its 2023 Economic Outlook report that Malaysia’s economic growth in 2022 could land higher than initial estimates at 6.5%-7%, before slowing to 4%-5% in 2023, Malaysians are faced with dark days ahead. Bank Negara Malaysia (BNM) governor Tan Sri Nor Shamsiah...

Many have their own opinions about why the economy is the way it is right now. There is however, a common denominator - politics.

With the GE15 around the corner and UNDI18 being recently passed, many are hoping for change.

https://judeharding12.wixsite.com/mysite/post/the-daily-struggle-malaysian-youths-feeling-the-pinch-of-the-economic-state

“Food is notably expensive. Ayam Brand tuna cans can cost up to RM7.40 when they used to sit around the RM5-6 mark. I have to be smarter about my spending and cut out some activities.”

Even young adults that are in the higher income bracket feel the pressure of the economic state of the nation.

Here is an infographic that illustrates just how bad the inflation has gotten over such a short time span.

Read more to step into the shoes of the youths of Malaysia as they face an uncertain future.

https://judeharding12.wixsite.com/mysite/post/the-daily-struggle-malaysian-youths-feeling-the-pinch-of-the-economic-state

Young Malaysians are facing troubled times ahead with the ever-rising cost of living and the ever-dwindling job availability. With the rising cost of living, and a slowed rate of economic growth foreseen in 2023, Malaysian youths are worried about what tomorrow may bring.

From deteriorating mental health to an overall lack of quality living, money has become the number one problem on the minds of young adults today, and for good reason.

Read more on how young adults from all income backgrounds are dealing with the economy in their day-to-day lives.

https://judeharding12.wixsite.com/mysite/post/the-daily-struggle-malaysian-youths-feeling-the-pinch-of-the-economic-state

MoneyTalks: Are Malaysian Youths In For A Dark Time Ahead? | JudeReports