When US sneezes, Malaysia catches a cold

The bad news is, there is a “very high possibility” for the United States to suffer a downturn in 2023, according to Socio-Economic Research Centre (SERC) executive director Lee Heng Guie. Lee said the main uncertainties about a US recession is its timing and severity.

PETALING JAYA: There is a “30% to 40%” chance for Malaysia to face a recession next year, and this largely depends on whether the United States – Malaysia’s third-largest export destination – manages to avert an economic meltdown.

The bad news is, there is a “very high possibility” for the United States to suffer a downturn in 2023, according to Socio-Economic Research Centre (SERC) executive director Lee Heng Guie.