Shoppers in a market in Kuala Lumpur, Malaysia, earlier this year. Analysts think the country will not be hit by recession in the coming months, despite the effects of its biggest trading partner China’s zero-Covid policy. Photo: Bloomberg
Malaysia’s economy doing fine, despite top trade partner China’s zero-Covid fallout and war in Ukraine: analysts
- China is Malaysia’s largest trading partner, accounting for 18.9 per cent of total trade; bilateral trade growing, but Malaysia’s global trade is stronger
- Diversified trading partners, supply chain helped; many economists think recession will not hit Malaysia and it can also weather Ukraine war storm
Shoppers in a market in Kuala Lumpur, Malaysia, earlier this year. Analysts think the country will not be hit by recession in the coming months, despite the effects of its biggest trading partner China’s zero-Covid policy. Photo: Bloomberg