: Malaysia is on the road to recovery in terms of headline economic numbers, but Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has warned of risks to the recovery amid an uncertain global economic outlook.
Tengku Zafrul said Malaysia’s trade performance has also remained resilient, maintaining its growth momentum as trade data showed double digit growth for 16 consecutive months since February 2021. However, he said Malaysia is also facing risks and challenges to recovery such as the rising global inflation as commodity prices continue to increase and supply chains disrupted due to the ongoing Russia-Ukraine conflict.
A slowdown in China’s economy, in part due to its zero Covid-19 policies, and the spillover impact from the Russian-Ukraine war are also adding to the uncertainty.
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