KUALA LUMPUR: If the Russia-Ukraine war is protracted, its negative impact on Malaysia’s economy would be transmitted through higher inflation (due to a surge in commodity prices), supply chain disruptions, a potential dampening of global demand and financial markets instability.
In its latest Corporate Default and Rating Transition Study, RAM Ratings said the outbreak of the war poses a surprise downside risk to its 6.8% growth projection for Malaysia’s 2022 gross domestic product (GDP).
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