Insight - Is the economy in for a new oil shock?

We estimate that the high oil prices would be negative to the overall fiscal deficit.

THE economy has not fully recovered from the deep scarring effects of the two-year long Covid-19 pandemic amid lingering concerns about the highly transmissible Omicron virus.

Our external sector remains susceptible to any persistent shocks that would threaten the world economy, as a sharp economic slowdown in Malaysia’s major trading partners would weigh on our export engine growth.