The fallout from Greece’s possible exit from the European Union following its debt crisis is unlikely to have a contagion effect on the Malaysian economy for now.
But the concern is more on Fitch’s credit rating of Malaysia that could impact the ringgit, which is seeing minimal effects from the Greece problem.
Areca Capital chief executive officer Danny Wong felt the risk of a contagion effect on the Malaysian economy was “quite removed”.
“There is a small chance it will affect the rest of the world. but indirectly through perhaps a programmed sell-down by fund managers due to Greece’s exit because they are overweight on developed countries and underweight on emerging markets,” he said.
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But the concern is more on Fitch’s credit rating of Malaysia that could impact the ringgit, which is seeing minimal effects from the Greece problem.
Areca Capital chief executive officer Danny Wong felt the risk of a contagion effect on the Malaysian economy was “quite removed”.
“There is a small chance it will affect the rest of the world. but indirectly through perhaps a programmed sell-down by fund managers due to Greece’s exit because they are overweight on developed countries and underweight on emerging markets,” he said.
Click Here To Register For Free Trial Services 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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