Monday, 29 June 2015

Malaysia is exposed to global headwinds; how it is tackling this

Geopolitical uncertainty, racial and religious tension, market and financial volatility continue to grab headlines and dictate water-cooler conversations.

Behind closed-doors, governments struggle to find balance, dealing with what feels like a world economic system conspiring against them.

Malaysia is not shielded from the impact of external headwinds. With merchandise trade alone at 138% of GDP and as the 14th largest trading nation in the world, we are exposed to the vagaries of the world economy.

The tapering of quantitative easing has strengthened the dollar relative to other world currencies. China, in deliberately shifting from investment-led to consumption-led growth, demands fewer commodity imports.

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