Malaysia is one of the most developed countries in ASEAN. From
1970 to 1980 economic growth averaged over 8 per cent, from 1980
to 1990 economic growth was 5.2 per cent and between 1990 and
20 05 economic growth averaged above 6 per cent. It was higher
than 9 per cent, prior to the Asian financial crisis in 1997.
The only slumps in economic growth since the mid-1980s were in
1998, when Malaysia was severely affected by the Asianfinancial
crisis and the global financial crisis in 20 08 20 09.