Wednesday, 27 December 2017
Malaysia's Economy Strengthens Amid Taunting Factors
KUALA LUMPUR (Bernama) -- The year has been kind to Malaysia as its economy strengthened amid a confluence of taunting domestic and external factors which include the low commodity prices and weak currency.
Most economists have been very cautious over the evolving economic outlook at the outset of the year and this was especially true in the context of rising protectionist policies in the US and populism sentiment globally, which could potentially set the world s growth into a tailspin, had they materialised.
The ongoing Brexit negotiations and a series of elections in major European countries such as France and Germany threatened to further divide the European Union amid uncertainty in global oil prices as supply glut continues to shape the oil and gas industry.
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