Malaysia is still in a better position to withstand the storm given its diversified economy compared with many other economies which are vulnerable to the crash in crude oil and other commodity prices, said former chairman of the governing board of the UK Financial Services Authority (FSA) Lord Adair Turner.
With the recent World Bank report stating that weak growth in the emerging markets would continue to weigh down on the global economy, Turner said Malaysia’s strength was its more diversified economy and therefore less reliant on commodities.
“The fall in the oil price clearly has a major impact and the danger is that there can be a market over-reaction for instance on the exchange rates, which creates complexities.
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With the recent World Bank report stating that weak growth in the emerging markets would continue to weigh down on the global economy, Turner said Malaysia’s strength was its more diversified economy and therefore less reliant on commodities.
“The fall in the oil price clearly has a major impact and the danger is that there can be a market over-reaction for instance on the exchange rates, which creates complexities.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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