Global economy under higher risks

No. 1 trade partner: A refinery in Wuhan, China. Currently, China is Malaysia’s largest trading partner, constituting 13.5 of total exports in 2017. — Reuters

RISKS for the global economy have tilted further towards the downside despite a projected expansion of the global economy, according to the Economic Outlook 2019.

This is due to the anticipated tariff increase by the US which will likely escalate into retaliatory trade actions by its trading partners.